Xpress Natural Gas Announces Its First CNG Customer in New York

By PR Newswire,  May 06, 2014, 10:01:00 AM EDT


NEW YORK and BOSTON, May 6, 2014 /PRNewswire/ -- Xpress Natural Gas (XNG) today announced that it has expanded its operations into New York. XNG will supply Schweitzer-Mauduit International's ( SWM ) Ancram, New York facility, with Compressed Natural Gas (CNG). CNG is an efficient and cost effective alternative to oil. It is estimated businesses can save 30 to 40 percent on energy costs by converting to CNG.

SWM will receive CNG via tractor-trailer from a production facility and distribution terminal being built in partnership with Direct Energy. The Manheim, New York facility is anticipated to have completed construction and be fully operational by Q4 2014. In the meantime, SWM will receive gas from XNG's facility in Eliot, Maine.

"Because of the delay in pipeline infrastructure in New York, and the constraints on a pipeline expansion into more remote regions due to the area's topography, businesses like SWM were at a disadvantage," said John Nahill, CEO of XNG. "We are strategically and uniquely positioned to deliver economical and cost-effective energy alternatives to businesses not on the established pipeline network."

XNG is planning further expansion throughout New England, New York and the Canadian Maritimes. "With the rise in oil prices, the expensive conversion costs associated with liquefied natural gas and the expense and uncertainty of pipeline expansion in these regions, conditions are ideal for the emergence of a CNG trucking industry," states Nahill.

XNG operates the largest fleet of high-capacity all-composite CNG trailers in North America. The company currently offers both LNG and CNG service across New England and New York, with customers ranging from industrial manufacturing, colleges, hospitals, and local utilities. XNG also provides service to eastern Canada, and is the only provider both licensed to export trucked CNG by the U.S. Department of Energy, and licensed to import trucked CNG by the National Energy Board of Canada.

About XNG: Founded in 2011, Xpress Natural Gas (XNG) is the industry leader in rapid and reliable delivery of compressed natural gas (CNG) and liquefied natural gas (LNG) to enterprises throughout New England and the Canadian Maritimes. Through its growing network of virtual pipelines, XNG provides customized, turnkey solutions allowing companies to realize the benefits of natural gas in months, not years.  By combining unmatched experience with proprietary technology, XNG guarantees its customers 24/7 service, 365 days a year.  For more information visit www.xng.com.

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SOURCE Xpress Natural Gas



This article appears in: News Headlines

Referenced Stocks: SWM


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