Datacentrex Invests $30 Million in LNG Producer Eagle LNG
Datacentrex, Inc., a diversified technology-driven enterprise, has made a significant investment in Eagle LNG Partners LLC through its subsidiary ELNG Equity LLC.
The $30 million investment acquired a 10.5% equity interest in Eagle LNG's holding company and was made alongside a concurrent $10 million commitment by an affiliate of The Energy & Minerals Group, which controls the company.
Eagle LNG produces aerospace-specification liquefied natural gas for use in next-generation American launch vehicles and has been operating since 2017 under long-term take-or-pay supply agreements with a weighted average tenor of approximately 15 years.