Chinese firm to build LNG stations in U.S.
- March 15, 2013
- By WRN Staff
A private Chinese company is "quietly" making an "aggressive push" into the U.S. natural gas fueling station business, according to a report from Reuters.
ENN Group Co. Ltd. plans to open 50 liquefied-natural-gas fueling stations along American highways this year alone, the news agency reported.
A typical natural-gas fueling station costs about $1 million, putting ENN Group's investment for 2013 at $50 million.
ENN has partnered with CH4 Energy Corp., a Utah-based company, to form Blu LNG. Its plans are "bold and moving quickly," Reuters reported.
"We have five stations in operation right now, and within I would say two weeks we will have another three stations," Blu LNG's CEO Merritt Norton told the news agency.
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