CNG Energy Partners LLC has signed a 10-year contract with the City of Lake Jackson, Texas, to build, operate and maintain a public-access compressed natural gas (CNG) station. The station, currently under construction, is located at 204 Medical Dr. and expected to open in December.
According to CNG Energy Partners, the project was made possible through the implementation of a Public-Private Partnership (P3) business model enabling municipalities and other government entities to work together with private companies to achieve mutual goals. The company says the P3 legal structure allows the City of Lake Jackson not only to save money by utilizing CNG for its own fleet, but also to share the benefits of the alternative fuel with the community.
Joe Rinehart, mayor of Lake Jackson, states, “We are pleased to pioneer a unique Public-Private Partnership model with Dallas-based CNG Energy Partners, introducing us to building and operating the public side of a CNG fueling station with private funds. Providing the local community an option to fuel with cleaner and cheaper, domestically produced fuel will encourage many local companies to utilize CNG.”
