Cosmodyne to Supply LNG Liquefier to Eagle LNG Partners for Marine Ship LNG Fueling
JACKSONVILLE, Fla, Jan. 19, 2016 (GLOBE NEWSWIRE) -- Eagle LNG Partners (“Eagle LNG”) has decided to install a Cosmodyne, LLC (“Cosmodyne”) natural gas liquefier for a new facility in Jacksonville, Florida. This facility is being constructed to address the growing demand for LNG in the southeast. The natural gas liquefier features Cosmodyne’s safe, environmentally-friendly, and cost-effective nitrogen refrigeration technology to reliably produce high quality LNG fuel. The plant will deliver great operating flexibility, allowing Eagle LNG to easily increase and decrease production in response to fluctuating market demand while maintaining high energy efficiency. This unique load-following ability to turn down production without an efficiency penalty is ideal for LNG plants deployed in markets where demand volume is developing or variable.
“Eagle LNG evaluated various supply options and we are pleased with our decision to partner with Cosmodyne,” said David Stevenson, Vice President of Engineering at Eagle LNG. “Cosmodyne demonstrated the unique benefits of their technology, including the simplicity and flexibility of operating their system. Equally important is Cosmodyne’s commitment and dedication to work with us as a true, long-term project partner.”
“Eagle LNG is an innovative leader in the micro-liquefaction industry. We are honored to have been chosen by them for their newest project,” said George Pappagelis, General Manager of Cosmodyne. “We will provide a reliable and cost-effective system that satisfies the unique needs of the new market it will serve, providing ships with LNG fuel. Cosmodyne is excited to play an integral role in making LNG a viable alternative fuel for ships and look forward to a successful project with Eagle LNG and their customers,” added Mr. Pappagelis.
The equipment will be designed and fabricated in Cosmodyne’s California facilities.
About Cosmodyne, LLC
Cosmodyne is a leading manufacturer of cryogenic plants with more than 450 placed in operation around the globe since 1958. Cosmodyne natural gas liquefiers produce LNG as alternate fuel for high horsepower marine, rail, mining, trucking, and oilfield applications, virtual pipelines, and utility peak shaving. Cosmodyne air separation plants produce liquid and gaseous oxygen, nitrogen and argon. Cosmodyne also manufactures nitrogen gas generators, nitrogen liquefiers, and oxygen liquefiers. Cosmodyne is part of the Cryogenic Industries Inc. family of companies which include ACD LLC and Cryoquip LLC. For more information, visit www.cosmodyne.com.
For more information, contact:
(January 19, 2016 - 12:01 AM EST)
Hedging programs that E&Ps have in place in 2016 vary considerably. The chart below shows the range of oil and gas production for several E&Ps covered by hedging contracts. Pioneer Natural Resources (ticker: PXD) and Cimarex Energy (ticker: XEC) have hedged the largest portions of their remaining production at 85/75 and 80/90 percent, respectively, for oil and gas. This chart[Read More…]
Oil & Gas 360® c/o EnerCom, Inc.
800 18th Street
Denver, CO 80202
Advertise on OAG360
OAG360 has multiple advertising opportunities. Reach your investors/buyers by advertising on the website, eMail campaigns, webcasts and videos.