State Gas Limited (ASX: GAS) announced that it has signed a Memorandum of Understanding with Mine Energy Solutions Pty Ltd, for securing access to compressed natural gas (CNG) Virtual Pipeline infrastructure.
State Gas is looking forward to truck compressed natural gas into the market to commercialise its proven gas resource at Reid’s Dome. The transport of compressed gas by truck, create a ‘virtual pipeline’, which is globally recognised and safe process for the movement of gas.
Once the gas produced it will be compressed and dehydrated at site to pipeline standard and loaded into new generation high pressure carbon fibre cylinders typically employed in the aerospace industry and which are compatible with hydrogen for transport by truck to the pipeline.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.