US Companies In Tie-Up To Promote Natural Gas
From Gulf News
General Electric and Chesapeake Energy have formed an alliance to promote the use of natural gas as a fuel for cars and trucks, in a bid to capitalise on the US shale gas boom.
The two companies will work together on developing gas infrastructure for transport, including new units for compressing natural gas for use at filling stations. The tie-up has an initial target of installing just 250 units, which would be a large increase from the 500 natural gas filling stations now open, but small in the context of about 159,000 retail fuel outlets.