FLiNG Energy to Serve LNG, CNG Markets in Florida and Caribbean
FLiNG Energy, based in Indiantown, Florida, announced that it will service the LNG and CNG markets in Florida and beyond by sourcing and delivering fuel, as well as providing related services, including engine and burner conversions, logistics support, and commodity risk management.
FLiNG has designed programs specifically for bulk users that leverage its proximity to Florida ports, that serve the Caribbean, Central and South Americas. In collaboration with its partners in Indiantown, FLiNG expects to quadruple its LNG capacity in the first quarter of 2016.
Shay Grinfeld, CEO of FLiNG said: “We are very excited for the opportunity to serve the local Florida market. Our customers cover the spectrum from industrial plants to on-road fleets. We are also proud to be able to offer excellent financing options to our customers. By reducing the Capital Expenditure Requirements (CAPEX) and leveraging the distillates to Natural Gas spread, we can deliver the required engineering changes using clients’ operating budgets. We look forward to expanding our service to enable international bulk users to enjoy our competitive LNG pricing.”