IRVINE, Calif., Sept. 12, 2013 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc., (OTCQB:UBRG), a publicly traded independent diversified energy company, in its plans for growth and expansion, announced that it is in talks with one of the world's largest refiners and energy producers to obtain supplies of refined energy products and LNG for its expanding customer base.
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 for the Company. A key focus will be on the sales of Liquefied Natural Gas (LNG). Securing a contract with this major producer will give Universal Bioenergy world-wide access to large supplies of energy products, and LNG to deliver to its growing international customer base in Asia-Pacific, Europe and Australia.
Universal's President, Vince M. Guest stated, "We're very excited about the future sales of refined energy products, especially sales of LNG. We're very bullish on the future outlook of LNG in the global marketplace. We feel the fundamentals of the industry are very strong, and that it is poised for even greater growth. Our plans are to continue to diversify our Company in various segments of the energy market in the U.S. and internationally. We believe this could generate higher revenues for revenues for the Company, drive us forward to profitability, and have a positive impact on our shareholders."
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com
Safe Harbor Statement - There are matters discussed in this media information that are forward looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. Such statements are only forecasts and actual events or results may differ materially from those discussed. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to Universal Bioenergy Inc.'s most recent annual report and accounts and other SEC filings. The company undertakes no obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
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