Global Energy Ventures Limited (ASX:GEV) has announced its signed an exclusive technology and development cooperation agreement with EnerSEA’s CNG marine transport solutions.
EnerSEA is a Houston based company focused on developing natural gas projects through its CNG technology.
Global Energy Ventures says CNG is a proven, safe, reliable and well established technology which can replace fuels such as coal, fuel oil and diesel and will significantly reduce Co2 emmisions.
Under the agreement Global Energy Ventures will have exclusive rights to the EnerSEA technology, to supply CNG to the two high growth gas markets, the Indian sub-continent and Indonesia.
Shares in Global Energy Ventures Limited (ASX:GEV) are currently trading 2.6% higher at $0.20