Morgan Stanley filed an application with the U.S. Department of Energy’s office of Fossil Energy to build and run the first U.S. CNG export facility.
A compression and container loading facility with the capacity to ship 60 billion cubic feet a year of CNG, located near Freeport, Texas was outlined in the proposal, reports Reuters.
Shipping the CNG to FTA-countries like Dominican Republic, Guatemala, Honduras, Costa Rica, Panama or El Salvador is in the plans of Morgan Stanley.
Morgan Stanley spokesperson declined to comment on the plans.
LNG World News Staff, August 29, 2014; Image: Morgan Stanley