Polaris New Energy, LLC (PNE) was established to meet the growing supply needs for LNG as a maritime transportation fuel source. The company is focused on safely delivering LNG, a clean, domestically sourced marine fuel to end users utilizing owned assets throughout the coastal United States.
PNE is wholly owned by NorthStar Midstream, LLC (NorthStar), a midstream transportation company, which is backed by funds managed by Oaktree Capital Management, L.P. The NorthStar and PNE team bring extensive experience in construction management, terminal operations, ship management, and fuel bunkering operations having built over 20 Jones Act barges and ATBs.
PNE also has outstanding relationships with the USCG, the American Bureau of Shipping, and several shipyards and ports around the United States. PNE has executed an agreement with Fincantieri Bay Shipbuilding to construct a 5,400m3 barge, with options for two additional barges, for coastwise transportation of LNG. Upon completion, the 5,400m3 barge will be the largest LNG bunkering vessel in North America.