GE, Pickens' Clean Energy in natural-gas supply deal for trucks

Yahoo/Reuters ^

[shove_it]

(Reuters) - General Electric Co (GE) reached a deal to sell equipment to Clean Energy Fuels Corp (CLNE), which is building out a series of liquefied natural gas fueling stations for U.S. truckers.

The largest U.S. conglomerate sees liquefied natural gas equipment as becoming a $1 billion market over the next five years, said Mike Hosford, general manager of unconventional resources for GE Oil & Gas.

Clean Energy, which counts T. Boone Pickens as its largest investor, agreed to buy two GE-made MicroLNG plants to provide liquefied natural gas for a network of 70 natural gas fueling stations it is opening at truck stops along U.S. interstate highways this year, the company said in a statement released on Tuesday...

[thackney]

In reading back over the thread, trying to see if I missed something since the numbers seem so off, I find from you:

I'm shooting for a sell to the public price of $1.00/gallon for my own station. But for my own usage, i'm expecting the price to be around 50-60 cents per gallon. I'll find out soon how that's going to work out. My output pressure is going to be 3,600 #.

and

Who's talking about consumers? Wasn't the topic about long haul truckers and trucking companies? They will be able to get price differentials over and above what an ordinary consumer will be able to manage. To my knowledge, consumers don't use LIQUID natural gas. They use COMPRESSED natural gas. This topic is NOT ABOUT consumers.

If Diesel is $4.00/ Gallon, and the spot market is around 36 cents / gallon, then it is plausible for long haul trucking companies to realize a 10/1 savings, (Optimistically) in fuel costs. (Under current market conditions.)

So are you talking about LNG or CNG with your price numbers?