Datacentrex, Inc. has entered into a common unit purchase agreement and invested US$30 million in ELNG Equity LLC (ELNG), the equity holding company of Eagle LNG Partners LLC, acquiring US$30 million of Class A Common Units. Eagle LNG is a vertically integrated producer of LNG and a qualified supplier of the aerospace-specification liquid methane used to fuel next-generation American launch vehicles.

Eagle LNG has been producing and delivering LNG since 2017 and serves a contracted customer base across space propulsion, marine bunkering, island utility, and industrial end-markets under long-term take-or-pay supply agreements with a weighted average tenor of approximately 15 years. Since 2018, it has completed more than 700 LNG bunkering operations, both ship-to-shore and ship-to-ship, without incident.

“We are focused on companies producing real revenue in ultra-high-growth sectors, and we intend to be at the forefront of them,” said Parker Scott, CEO of Datacentrex. “Eagle LNG is not a concept. It has been producing and delivering LNG since 2017 and it is already under contract with a leading space propulsion customer. The US is setting out to multiply its launch cadence several times over this decade, and every one of those vehicles has to be fuelled. We would rather own a position in the supply chain underneath that growth than try to pick which vehicle wins.”

Read the article online at: https://www.lngindustry.com/small-scale-lng/03092026/datacentrex-invests-us30-million-in-eagle-lng-partners/

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