Applied Natural Gas to expand LNG Plant in US

摘要

Applied Natural Gas Fuels has received debt financing of an unspecified amount to expand its LNG plant in Topock, Arizona, Energy Business Review reported. The debt was raised by Westlake Securities, a middle-market investment bank. "With domestically produced natural gas trading at less than US$20 per barrel of oil equivalent, Westlake is excited about the increasing adoption of LNG fueled engines for use in the transportation, energy and industrial sectors," said Westlake Securities managing director Brian Gilmore.