LNG

UK major BP has agreed to acquire Archaea Energy of Houston in Texas for $4.1 billion, comprising $3.3Bln in cash as well as around $800 million of net debt, to increase its presence in the bio-natural gas fuel sector.

Clean Energy Fuels Corp., the supplier of liquefied natural gas and compressed natural gas fuels has decided to make its Redeem renewable natural gas (RNG) made from waste available at all of its fueling stations by 2025.

Shareholders in Clean Energy Fuels Corp., the California-based supplier of liquefied natural gas and compressed natural gas fuel for the trucking industry, have approved the sale of a 25 percent stake to French energy major and global LNG market participant Total.

French energy major Total has entered a strategic agreement with US company Clean Energy Fuels Corp., the California-based supplier of LNG and compressed natural gas fuel for the trucking industry.

Clean Energy Fuels Corp., the California-based leader in natural gas-fuel supply including liquefied natural gas, reported a 6.8 percent surge in its sales to 351.4 million gallons, though the absence of a federal alternative fuels tax credit (AFTC) in 2017 led to a drop in revenue.

Clean Energy Fuels Corp., the California-based LNG and gas fuel supplier underpin by an expanding network of natural gas stations on the US West Coast and in the East, has appointed Stephen Scully as its Chairman.

Clean Energy Fuels Corp., the California-based LNG and gas provider for the vehicle market,  is closing more than 40 of its almost 600 fuelling stations and is seeking a partner to supply compression equipment to the network.

May 12 (LNGJ) - Clean Energy Fuels Corp., the LNG and gas fuel company and staion network owner on the US West Coast, said it appointed Frank Meyer as President of its subsidiary, Clean Energy Compression. Clean Energy, based in Newport Beach in California, said Meyer brought 24 years of leadership experience after serving in a variety of roles, including Chief Executive of Meridian Fuel Technologies. “He has an enormous amount of expertise and is highly respected within the manufacturing industry,” said Andrew J. Littlefair, President and CEO of Clean Energy. “I look forward to working with him as we continue to drive innovation and growth in the natural gas compression industry.”

May 5 (LNGJ) - Clean Energy Fuels Corp., the LNG and natural gas fuel company based in Newport Beach in California, said it delivered 85.1 million gallons in the first quarter of 2017, a 9.8 percent increase from 77.5M gallons delivered in the first quarter of 2016. Clean Energy reported that revenue for the first three months of 2017 was $89.5 million, 6.6 percent down on $95.8M logged in the year-ago quarter. Andrew J. Littlefair, Clean Energy President and Chief Executive, stated: “Not only did we grow volumes and strengthen our balance sheet with additional debt reductions, but the deal with BP to buy our renewable natural gas production (made from waste) assets and put in place a long-term supply agreement, positions us very well to continue to grow.”