According to reports, Universal Bioenergy Inc., a publicly traded independent diversified energy company that markets natural gas, petroleum and coal, is in talks with a major manufacturing company in Japan to sell them large supplies of LNG.
The company will procure the LNG from producers and refiners in the global energy market to supply the product to the companies in Japan and other countries in Asia.
Universal Bioenergy intends to market and sell refined petroleum based energy products including diesel fuel, jet fuel and LNG to generate greater sales revenues and higher profit margins.
Universal’s Senior Vice President, Solomon Ali, said: "We have been working for several months to develop strong relationships with several companies in Japan to supply them with LNG, coal and other refined petroleum based energy products, as we expand internationally. The sale of these products are being marketed through our Energy Products division. Our Director of Business Development for the Pacific Rim who has extensive experience in doing business in Japan, is spearheading these efforts to help us compete in that energy market. The transaction, if completed, is projected to generate strong revenues and profits for the company."
Adapted from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/lng-shipping/20052014/universal_bioenergy_to_sell_lng_to_japan_620/