Crowley wins second LNG transport contract

Crowley wins second LNG transport contract

Crowley Maritime Corp.’s liquefied natural gas services group has won a second multiyear contract to supply containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico.

The Jacksonville, Florida-based company’s Carib Energy subsidiary contracted to provide the LNG, which will be transported in 40-foot tank containers, each carrying approximately 10,000 gallons of LNG. Crowley said the pharmaceutical company did not want to be identified.

Crowley’s domestic logistics group will coordinate over-the-road transportation of the containers to the company’s Jacksonville shipping terminal. From there, the containers will be loaded onto Crowley’s vessels bound for Puerto Rico, where Crowley will deliver the LNG to the customer’s facilities for regasification into pipeline natural gas for boiler consumption.

Last year, Crowley entered the LNG market by acquiring Florida-based Carib Energy LLC. Founded in 2011, the company was the first to receive a small-scale, 25-year license from the Department of Energy for LNG transportation from the United States in tank containers.

In March, Crowley signed a multiyear contract to supply U.S.-sourced LNG to two plants of Coca-Cola Bottlers of Puerto Rico.

Crowley said it is negotiating with several other potential industrial customers that will soon convert to LNG.

In September, Carib Energy announced the signing of a long-term LNG supply agreement with Pivotal LNG, a subsidiary of AGL Resources, which owns multiple subsidiaries with LNG liquefaction facilities.

In addition to carrying LNG, Crowley’s liner services unit is building two LNG-powered ships for the U.S. mainland-Puerto Rico trade.

Contact Joseph Bonney at jbonney@joc.com and follow him on Twitter: @JosephBonney.

 

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