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Crowley granted LNG export license

LNG Industry,

Crowley Maritime Corp. subsidiary Carib Energy LLC has been granted a 20-year export license from the US Department of Energy (DOE) for the supply, transportation and distribution of US-sourced LNG into Non-Free Trade Agreement (non-FTA) countries in the Caribbean, Central and South America. Consumers in these regions will benefit from cost-efficient and eco-friendly US LNG.

The licensing permits Crowley to export 0.04 billion ft3/day of LNG – roughly the equivalent of 480 000 gal. – via 10 700 gal. ISO tanks to non-FTA countries. In addition to supplying non-FTA countries, Crowley will also continue to supply Free Trade Agreement (FTA) countries with LNG. Crowley’s Carib Energy was also the first to have been granted a 25-year, small-scale license for the transportation into these FTA countries, a clearance that permits Crowley to transport 0.03 billion ft3/day or 360 000 gal. – of US-sourced LNG into FTA markets in the Caribbean and Central and South America – locations where LNG is an attractive commodity thanks to its low price point in the face of growing power supply costs.

Crowley Vice President Greg Buffington, said: “The challenge for any company in the business of moving LNG in ISO tanks is the flange-to-flange logistics of inland, ocean and island movements in a timely manner to keep the flow of LNG constant to the customer. “Crowley not only has the expertise but also the available assets to make this a successful business, while presenting savings and a greener energy alternative for customers around the world.”

Coco-Cola contract

Crowley recently announced the signing of a multi-year contract with Coca-Cola Bottlers of Puerto Rico to supply containerised, US-sourced LNG to two of the manufacturer's plants in Cayey and Cidra, Puerto Rico. Carib Energy is also in negotiations with several other potential industrial customers that will soon convert to LNG.

Adapted from press release by Ted Monroe

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