A vision to create a self-sustaining natural gas fuels supply chain which will make natural gas a permanent fixture in America’s energy infrastructure has led to new company Boreas Natural Gas (Boreas) commencing operations to provide products, services and customized turnkey solutions for the natural gas fuels market.
“We will initially focus on the operational and service aspects of the value chain and opportunistically move into the production and distribution segments,” said Hacioglu.
In addition to sourcing LNG/CNG at competitive prices, Boreas will offer its customers a wide variety of service and development options, including the design, build-out, and operation of LNG plants and LNG/CNG fueling stations, as well as fuel storage and dispensing infrastructure for permanent use and temporary special projects. Boreas’ advisory and consulting services will include technical and operational evaluation of facilities and equipment, safety and regulatory compliance, and environmental credit programs including credit generation, tracking and monetization at state and federal level.
“This is the perfect time to invest in this industry where asset valuations are significantly reduced in response to low oil prices, creating tremendous buying opportunities for players with patient capital and longer term strategic vision,” remarked Hacioglu. “Despite the narrowing of the spread between oil and natural gas prices, both the installed customer base and potential entrants are clamouring for customized, turnkey solutions to help them switch to clean burning natural gas in order to create economically sound and environmentally sustainable organizations,” added Hacioglu.
Boreas is based in Westlake Village, California.
(Source: Boreas Natural Gas)