The Floating Pipeline Company Incorporated News

The Floating Pipeline Company Incorporated (FPC Inc.) of Halifax, Nova Scotia, Canada announced an investment by Overseas Shipholding Group, a leader in providing marine energy transportation services. The investment will allow FPC Inc. to complete the development of its Saint John, New Brunswick manufacturing plant, which will manufacture Gas Transport Modules (GTMs) using a patented technology for the transportation of compressed natural gas (CNG) by rail, truck and ship. The plant is expected to be in full production within twelve months. CNG can be used in the niche market for stranded gas. (LNG) technology. partnership with TransCanada CNG Technologies Ltd. recovery of natural gas from stranded fields for specific projects.