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News Link • Energy

China Pumping Millions Into New US Network Of Natural Gas Fueling Stations

• Business Insider

With plans to build 50 stations this year alone, ENN joins a small but formidable group of players -- including Clean Energy Fuels Corp and Royal Dutch Shell Plc -- in an aggressive push to develop an infrastructure for heavy-duty trucks fueled by cheap and abundant natural gas. Clean Energy is backed by T. Boone Pickens and Chesapeake Energy Corp.

The move is yet another example of China's ambition to grab a piece of the U.S. shale gas boom. Just last month, Sinopec Group said it would pay $1 billion for some of Chesapeake's oil and gas properties in the Mississippi Lime shale.

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