Universal Bioenergy plans to sell the Japanese company, large supplies of LNG for use in power generation and in their manufacturing processes.
The Company will be procuring the LNG from producers and refiners in the global energy market to supply the product to the companies in Japan and other countries in Asia.
The Company sees huge long-term growth prospects in the global demand for Liquefied Natural Gas (LNG), as many countries have a greater need for power. Liquefied natural gas (LNG) provides a cost-effective means for transporting natural gas overseas by super-cooling it to a liquid form.
According to one source, the global demand for LNG is expected to increase by more than 50 percent by 2030. The Company intends to market and sell refined petroleum based energy products including diesel fuel, jet fuel and LNG to generate greater sales revenues and higher profit margins. A key focus will be on the sales of Liquefied Natural Gas (LNG).
Universal’s Senior Vice President Solomon Ali states, "We have been working for several months to develop strong relationships with several companies in Japan to supply them with LNG, coal and other refined petroleum based energy products, as we expand internationally. The sale of these products are being marketed through our Energy Products division. Our Director of Business Development for the Pacific Rim who has extensive experience in doing business in Japan, is spearheading these efforts to help us compete in that energy market. The transaction, if completed, is projected to generate strong revenues and profits for the Company."
Universal Bioenergy is a high growth diversified energy company that is experiencing double-digit growth, and reported sales of over $60.22 million in its Annual Report for 2013. NDR Energy Group, a subsidiary of Universal Bioenergy, has contracts to supply natural gas to 32 of the largest public utilities, electric power producers and local gas distribution companies that serve millions of commercial, industrial and residential customer in the United States.
