Dominion Energy has completed its acquisition of Pivotal LNG from Southern Company.
With completion of the transaction, Dominion Energy now assumes 100% ownership of Pivotal’s LNG facility in Trussville, Alabama and a 50% ownership of the JAX LNG facility in Jacksonville, Florida. NorthStar Midstream LLC owns the remaining 50% of JAX LNG.
JAX LNG is the first small scale LNG facility in the US with the capability to load LNG into both marine vessels and trucks. Including Trussville, the two LNG facilities currently have the capacity to produce 180 000 gpd of LNG and to store 7 million gal. of LNG. The JAX LNG facility has the space to expand production capacity an additional 480 000 gpd to meet the growing demand for LNG.
“The acquisition of Pivotal LNG will play an important role in our broader strategy to help decarbonise the marine shipping industry,” said Roger Williams, Dominion Energy’s Vice President of Gas Development Services. “The acquisition of Pivotal and our existing Cove Point LNG facility in Maryland positions us well to lead the transformation of the marine industry and to serve other growing LNG markets along the east coast,” Williams continued.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/30032020/dominion-energy-closes-pivotal-lng-purchase/
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