Crowley Video Explains LNG Benefits to Caribbean Industry

MarineLink.com
Monday, August 05, 2013

In this short video, Crowley's Greg Buffington, vice president of company subsidiary Carib Energy, explains the benefits of switching to reliable, safe, U.S.-exported LNG fuel for industrial and commercial consumers in the Caribbean.

Those who can benefit from adopting this affordable and eco-friendly power source include resorts and hotels, manufacturing companies, bottling plants and other industrial and commercial organizations.

The following questions are addressed on the video:
1) What is LNG and how is it used?
2) Who is the ideal consumer for industrial LNG in the Caribbean? 

3) What are the advantages to consumers? 

4) What's needed for a consumer to make the switch? 

5) What should a consumer look for in a supplier when considering the switch to LNG?

Crowley entered into the LNG market earlier this year with the acquisition of Carib Energy LLC. Florida-based Carib Energy, founded in 2011, was the first company to receive a small scale, 25-year, LNG export license from the U.S. Department of Energy (DOE) for LNG transportation from the U.S. into Free Trade Agreement (FTA) countries.

While Crowley’s overall strategic focus on the LNG market spans several of its diversified business lines and leverages its storied history and success in the marine, project management, energy and transportation fields, Carib Energy has provided the company with an introduction into the emerging energy market from which the company can grow its concentration on LNG transportation. Crowley now serves the LNG market through LNG vessel design and construction; transportation; product sales and distribution, and full-scale, project management solutions.

"The ideal provider should be able to supply the long-term contract for LNG, the ISO tanks, possibly a regassification skid and the strategic partners that can help industrial consumers make the conversion to natural gas," said Buffington on the video. "Crowley can do that and more."

While Carib Energy has a pending U.S. Department of Energy application to supply LNG transportation services into non-FTA countries, its current licensing allows them, and now Crowley, to supply cost-efficient, environmentally friendly LNG from the U.S. to both commercial and industrial customers within the Caribbean and Central and South America – all countries where LNG is an attractive commodity, thanks to its low price point in the face of growing power supply costs. Carib Energy is also cementing its involvement in future LNG fuel bunkering for ships transiting between the U.S. and Caribbean markets.

The video can be viewed at: http://www.youtube.com/watch?v=L_EV9eQv80w&feature=c4-overview&list=UUAwQGtxGgBI-CrfgVe6WMEg

 

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