Pentagon Energy Enters into a CNG Supply Agreement for up to 90 BCF
Pentagon Energy has entered into its first CNG contract with a leading global Natural Gas merchant. Under the terms of the transaction the buyer has agreed to purchase up to 90 BCF of CNG for a period of 5 years for distribution in the U.S. North East region. Pentagon Energy is planning to develop its first CNG Mother Station in the Marcellus shale region with the ability to compress up to 2.5 BCF per month.
Pentagon Energy is planning to use specially designed CNG Trailer trucks to transport the gas from the Mother Station to different locations in the U.S. North East market. The development and manufacturing of the technology was undertaken by its sister company, Composites Advanced Technologies, “CAT CNG,” in Houston, Texas.
Pentagon Energy is planning to develop several Mother stations in the U.S. to supply CNG to locations that experience gas shortages or lack the infrastructure to receive gas. The Marcellus facility will be the largest of such stations in the U.S.
Pentagon Energy acquired Morgan Stanley CNG export business in April 2015. “Our aim is to rapidly expand the CNG Mother/Daughter station concept into other local and international markets,” expressed Ryan Comerford, Principal of Pentagon Energy.