Commodities
$30 Million Datacentrex Investment Fuels Eagle LNG Growth
Datacentrex has invested $30 million in Eagle LNG Partners LLC through its holding company ELNG Equity LLC. The investment gives Datacentrex a 10.5% equity interest in Eagle LNG. A concurrent $10 million commitment was made by an affiliate of The Energy & Minerals Group, which controls Eagle LNG.
Eagle LNG produces aerospace-specification liquefied natural gas used to fuel next-generation American launch vehicles. The company operates under long-term take-or-pay supply agreements with a weighted average tenor of approximately 15 years.
Datacentrex CEO Parker Scott said, 'We are focused on companies producing real revenue in ultra-high-growth sectors, and we intend to be at the forefront of them.'