ATLANTA - Feb. 6, 2014 - Pivotal LNG, Inc., a wholly owned subsidiary of AGL Resources (NYSE: GAS), and WesPac Midstream LLC (WesPac) today announced they have been selected by TOTE, Inc. to provide liquefied natural gas (LNG) to fuel TOTE's two new state-of-the-art container ships in Jacksonville, Fla. TOTE's new dual fuel LNG container ships are expected to be delivered to the port in Jacksonville in late 2015 and early 2016.
To move forward on this project, Pivotal LNG, Inc., WesPac and TOTE have signed a letter of intent and are working toward definitive agreements. While there is still work to be done, Pivotal LNG, Inc. and WesPac plan to work together on this project to create a joint venture which 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, has more than four decades of experience in providing customers with clean, abundant, cost-effective LNG fuel. AGL Resources is one of the largest operators of liquefaction facilities in the nation 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 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.
In late 2012, TOTE Inc. announced plans to build the world's first LNG-powered container ships at NASSCO in San Diego. "These new innovative, environmentally friendly Jones Act ships will provide decades of reliable and environmentally superior service to the people of Puerto Rico," said Peter Keller, EVP of TOTE and project lead for the TOTE LNG programs. "We are pleased to be partnering with Pivotal LNG and WesPac in this innovative LNG development and look forward to continuing to develop LNG as an alternative transportation fuel."
About Pivotal LNG
A wholly owned subsidiary of AGL Resources (NYSE: GAS), Pivotal LNG is bringing liquefied natural gas to companies and industries throughout the United States through reliable, flexible and cost-effective solutions. For more information, visit www.pivotallng.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services, midstream operations and cargo shipping. AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. The company also serves approximately 630,000 retail energy customers and approximately 1.2 million customer service contracts through its SouthStar Energy Services joint venture and Pivotal Home Solutions, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management, ownership and operation of natural gas storage facilities, and ownership of Tropical Shipping, one of the largest containerized cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com.
About TOTE Inc.
TOTE, Inc., a subsidiary of Saltchuk Resources, is located in Princeton, NJ. It operates a portfolio of companies organized in four lines of business; TOTE Maritime, TOTE Logistics, TOTE Shipholdings and TOTE Services. TOTE Maritime companies Totem Ocean Trailer Express and Sea Star Line bring unmatched reliability and service to the Alaska and Puerto Rico markets. TOTE Logistics companies Carlile Transportation and Spectrum Transportation ensure freight arrives in perfect condition to some of the world's most challenging destinations. TOTE Shipholdings was formed to own and charter ocean vessels for the TOTE Maritime Division. TOTE Services offers crewing and technical services to meet the needs of commercial, privately owned and U.S. Government vessels. www.toteinc.com
About WesPac Midstream LLC
WesPac is a private energy infrastructure company founded in 1998 to develop, own, and operate energy facilities throughout North America. WesPac is majority owned by Highstar Capital, an independent infrastructure investment firm with a value-added, operational approach and deep expertise in energy investing and development, and WesPac Energy LLC, a private development company.