United Energy Corporation announces joint venture
Published by Poppy Clements,
Editorial Assistant
Hydrocarbon Engineering,
United Energy Corp. (UNRG), a natural gas producing energy company, has announced a joint venture (JV) partnership with Bridge Energy, aiming to leverage the resources of both companies to expand UNRG's processing capabilities of LNG.
This strategic partnership provides UNRG with scalable gas liquefaction systems to install on its assets in the US regions of Oklahoma and Kansas. This will allow UNRG to open new markets in areas seeking to switch from heavy-burning fuels, like diesel, to more efficient energy sources, like LNG. The first system, capable of producing up to 7000 gal./d of LNG, is expected to be installed in 4Q23. If successful, UNRG intends to rapidly increase production capability throughout 2024. The systems are provided by Arc Energy of Texas, US, a global supplier of production and processing equipment to the energy industry.
Natural gas has proven environmental advantages over other conventional energy sources. By converting natural gas into its reduced volume liquid form, LNG offers even greater efficiency, affordability, and accessibility in various applications.
Brian Guinn, CEO of UNRG, said: "This partnership will enable us to capitalise on the growing demand for LNG and meet the energy needs of diverse industries and markets. LNG offers numerous benefits as a sustainable energy solution. Combining our expanding natural gas production capabilities with LNG liquefaction processing technologies, we will streamline the production, storage, and transportation of LNG. This benefits the environment as well as new customers, especially in regions with limited pipeline infrastructure."
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/02082023/united-energy-corporation-announces-joint-venture/
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