FEBRUARY 6, 2013 — Pivotal LNG, Inc., a wholly owned subsidiary of AGL Resources (NYSE: GAS), and WesPac Midstream LLC say they have been selected by TOTE, Inc. to provide liquefied natural gas to fuel TOTE's two new dual fuel containerships in Jacksonville, FL.
TOTE's new dual fuel ships are expected to be delivered from shipbuilder NASSCO in late 2015 and early 2016 and will operate between Jacksonville and San Juan, Puerto Rico.
Pivotal LNG, Inc., WesPac and TOTE have signed a letter of intent and are working toward definitive agreements. Pivotal LNG, Inc. and WesPac plan to create a joint venture that will develop a new liquefied natural gas plant in Jacksonville, Fla.
"We are very pleased to have been selected by TOTE to supply their two new LNG container ships. We look forward to working with TOTE and WesPac to develop opportunities that help meet the growing demand for LNG as an alternative fuel solution in the Jacksonville area," said Stephen Cittadine, president of Pivotal LNG.
AGL Resources, the parent company of Pivotal LNG, is one of the largest operators of liquefaction facilities in the U.S., primarily through its distribution utility operations that use the LNG facilities for peak-shaving services for customers when demand is highest.
In addition, Pivotal LNG owns and operates a merchant LNG facility and sells LNG wholesale to truck fleets and other high horsepower engine operators.
"With access to multiple LNG supply locations and its merchant liquefaction facility in Trussville, Alabama, Pivotal LNG is uniquely positioned to offer consistent fuel supply and flexible solutions to businesses looking to make LNG their fuel of choice," said Mr. Cittadine.
WesPac is a private energy infrastructure company with several small LNG facilities under development in North America. WesPac LNG projects are focused on high-horsepower engine applications including oil-to-gas fuel switching in power plants, commercial ships, railroad locomotives and trucking.