Dominion closes Pivotal LNG buy

Image courtesy of Pivotal LNG

US company Dominion Energy said it has completed its acquisition of small-scale liquefied natural gas player Pivotal LNG from utility Southern Company.

Dominion now assumes full ownership of Pivotal’s LNG facility in Trussville, Alabama and a 50 per cent stake in the JAX LNG facility in Jacksonville, Florida.

NorthStar Midstream owns the remaining 50 per cent of JAX LNG.

JAX LNG is the first small-scale LNG facility in the US with the capability to load the fuel into both marine vessels and trucks.

Including Trussville, the two LNG facilities currently have the capacity to produce 180,000 gallons of LNG a day and to store 7 million gallons of the fuel.

The JAX LNG facility has the space to expand production capacity an additional 480,000 gallons per day to meet the growing demand for LNG.

“The acquisition of Pivotal LNG will play an important role in our broader strategy to help decarbonize the marine shipping industry,” said Roger Williams, Dominion Energy’s vice president of gas development services.

“The acquisition of Pivotal and our existing Cove Point LNG facility in Maryland positions us well to lead the transformation of the marine industry and to serve other growing LNG markets along the east coast,” Williams added.

 

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