By: Zacks Equity Research
March 13, 2012
Oklahoma-based oil and gas producer, Chesapeake Energy Corporation (CHK) has formed an alliance with General Electric Company (GE) to develop and endorse infrastructure solutions to speed up the acceptance of natural gas as a transportation fuel.
The memorandum of understanding signed between Chesapeake and GE on a product and services development partnership, signifies a multi-year collaboration involving the two companies. Both parties will be involved in the development and introduction of compressed natural gas (CNG) and liquefied natural gas (LNG) transportation and natural gas home-fueling solutions.
The collaboration intends to reduce the ownership and operational costs of natural gas vehicle (NGV) fueling stations by leveraging GE’s global Oil & Gas technology portfolio with Chesapeake’s proficiency in developing innovative fueling solutions... FULL ARTICLE
Tue, March 13, 2012
by John Cox