Pentagon Energy Enters Into a CNG Supply Agreement For Up To 90 BCF

HOUSTON and CORAL GABLES, Fla., Oct. 20, 2015 /PRNewswire/ — Pentagon Energy LLC, “Pentagon Energy,” announced today that it has entered into its first Compressed Natural Gas (“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 Compressed Natural Gas (CNG) Mother Station in the Marcellus shale region with the ability to compress up to 2.5 BCF per month.

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2017-11-23T00:57:10+00:00