Universal Bioenergy Gears Up for LNG Sales, USA
Universal Bioenergy (UBRG), a publicly traded independent diversified energy company, announced that it is in talks with one of the world’s largest refiners and energy producers to obtain supplies of refined energy products and LNG for its expanding customer base.
The company sees huge long-term growth prospects in the global demand for Liquefied Natural Gas (LNG), as many countries have a greater need for power. LNG provides a cost-effective means for transporting natural gas overseas by super-cooling it to a liquid form.
The Company intends to market and sell refined petroleum based energy products including diesel fuel, jet fuel and LNG to generate greater sales revenues and higher profit margins for the company. A key focus will be on the sales of LNG. Securing a contract with this major producer will give Universal Bioenergy world-wide access to large supplies of energy products, and LNG to deliver to its growing international customer base in Asia-Pacific, Europe and Australia.
Universal’s President, Vince M. Guest stated, “We’re very excited about the future sales of refined energy products, especially sales of LNG. We’re very bullish on the future outlook of LNG in the global marketplace. We feel the fundamentals of the industry are very strong, and that it is poised for even greater growth. Our plans are to continue to diversify our Company in various segments of the energy market in the U.S. and internationally. We believe this could generate higher revenues for revenues for the Company, drive us forward to profitability, and have a positive impact on our shareholders.”
LNG World News Staff, September 13, 2013