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Brief -- JAX LNG

October 11, 2016
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JAX LNG has the remaining engineering and procurement contracts required to begin construction of a liquefied natural gas (LNG) liquefaction and storage facility in Jacksonville, FL, at Dames Point near the Port of Jacksonville (see Daily GPIAug. 31). The facility is expected to be online during the fourth quarter of 2017. It will have a two million-gallon storage tank with capacity to produce more than 120,000 gallons of LNG per day. JAX said it will be the first small-scale coastal LNG facility in the country and will include marine distribution capabilities utilizing North America's first LNG bunker barge, Clean Jacksonville. In 2015 the JAX LNG joint venture was formed, which brought together Pivotal LNG, a unit of Southern Company Gas; and NorthStar Midstream LLC, a midstream transportation company backed by funds that are managed by Oaktree Capital Management LP and Clean Marine Energy LLC. JAX LNG is the supplier of LNG to the world's first LNG dual-fuel container ships, the Isla Bella and Perla del Caribe, operated by TOTE Maritime Puerto Rico (see Daily GPIOct. 16, 2015).

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