Tenaska launching natural gas transportation fuels business
05 October 2013
Tenaska, one of the largest independent energy companies in North America, is launching a marketing and development company in response to the growing use of liquefied natural gas (LNG) and compressed natural gas (CNG), together NG fuels, in the transportation sector and among industries using high-horsepower engines.
Chairman of Natural Gas Vehicles for America (NGVAmerica) Doug Clark has signed on to lead commercial activities for the new affiliate, Tenaska NG Fuels, LLC (TNG Fuels).
Clark is the former president of the Metropolitan Utilities District (MUD) in Omaha, Neb., one of the first municipal utilities to contract with a third party to market LNG to companies transitioning to the fuel for operations or transportation. Clark also oversaw the fuel conversion of a fleet of 200 vehicles from gasoline and diesel fuel to CNG and the development of the infrastructure required to support it, including several public fueling stations. MUD sales of CNG are on track to total the equivalent of 400,000 gallons in 2013.
Tenaska is well-equipped to meet the needs of this expanding natural gas fuels market. We have customers that have looked to us for these services. What the industry needs and what we have to offer are a great match—natural gas pipeline and downstream logistics expertise, a strong record of energy project siting and development, and a commitment to customer service in a credit-worthy package.
— Jerry Crouse, Tenaska CEO and vice chairman
With natural gas retailing (delivered to residences) for about 1/4 of the price of petroleum at the pump, this is a very hot area for fuel-price arbitrage.
Posted by: Engineer-Poet | 05 October 2013 at 09:34 PM