Energtek And Confidence Petroleum Sign Exclusivity Pact To Commercialize ANG Technology

ENERGY TECH

"Our plan is to take ANG across India and make it available across all small and major cities of India," said Confidence Petroleum Chief Managing Director Nitin Khara.

by Staff Writers
Valley Stream NY (SPX) May 06, 2008
Energtek and Confidence Petroleum India have announced the signing of an exclusivity pact to commercialize Energtek's proprietary ANG technology supply solutions in India and surrounding nations. The agreement will grant the companies' recently formed joint venture exclusive rights to sell Natural Gas through Energtek's proprietary Fast Interchangeable Tanks, and Low-pressure Mobile Pipeline systems in India, Pakistan, Bangladesh and Sri Lanka.

These Hi-tech Natural Gas supply solutions are designed to provide affordable and environmentally-friendly pipeless Natural Gas to automotive fleets and industrial consumers respectively throughout Southeast Asia.

Confidence Petroleum will finance the joint venture with an additional $23 million as part of the exclusivity pact. Confidence Petroleum recently acquired co-ownership of Energtek's subsidiary Primecyl for $2 million. A fully-owned Primecyl subsidiary, Confi Energtek Asia, will be established to conduct Joint Venture operations in India and throughout Asia.

"Our plan is to take ANG across India and make it available across all small and major cities of India," said Confidence Petroleum Chief Managing Director Nitin Khara. "Socio-economic developments including the skyrocketing price of oil and increased pollution have caused governments, businesses and consumers to seek alternative fuel supplies, and diversify their energy resources. Natural Gas is the most practical existing motor fuel alternative to Petrol."

"Confidence Petroleum's dedication to providing affordable and clean energy to the residents of India using ANG technology is outstanding," said Energtek CEO Lev Zaidenberg. "ANG represents the right technology at the right time in India, and throughout Asia. We are eager to commercialize ANG technology in India exclusively through the fertile marketing channels of Confidence Petroleum and our joint venture."

Memory Foam Mattress Review

SPACE MEDIA NETWORK PROMOTIONS
Solar Energy Solutions
Tempur-Pedic Mattress Comparison ...

Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

ENERGY TECH

Rockefellers want independent chairman at ExxonMobil

New York (AFP) April 30, 2008
A majority of Rockefeller family members, whose forefather founded ExxonMobil, announced Wednesday a shareholder drive to require an independent chairman of the energy giant's board of directors.

INTERNET SPACE Google wins from end of Microsoft-Yahoo affair: analysts Microsoft takeover deadline for Yahoo expires without comment China world's largest Internet market World's Fastest Satellite Internet Connection To User Terminal Via KIZUNA	LAUNCH PAD ULA To Launch GRAIL Khrunichev And ILS Announce Quality Initiative Kalam Hails ISRO For Satellite Launch Zenit Rocket Puts Israeli Satellite Into Orbit
AEROSPACE Analysis: Can airplanes go green? Belgian airline says it will cut costs, emissions by slowing down Airbus, Boeing sign accord to cut air traffic impact on environment Oil spike, cost of planes led to Oasis collapse: founders	MILITARY COMMUNICATIONS Northrop Grumman Awarded DARPA Contract To Design Hybrid Optical/RF Communications Network Joint Contracting Command Iraq Selects Proactive Communications For Task Force Iron Project Work Continues On New Satellite Communications Antenna System For B-2 Bomber Raytheon Awarded Contract To Upgrade Satellite Communication Terminals
TECH SPACE SES ASTRA Starts New Orbital Position At 31.5 Degrees East NASA Ames Partners With m2mi For Small Satellite Development COM DEV Launches Advanced Space-Based AIS Validation Nanosatellite Loral Spins A Giant Web In Space As First ICO Bird Comes Alive	APPOINTMENTS NASA names science directorate deputy Northrop Grumman Names Terri Zinkiewicz VP Sector Controller For Its Space Technology Sector Northrop Grumman Appoints Scott Winship To VP And Program Manager - Navy Unmanned Combat Air System NASA Names John Shannon New Space Shuttle Manager
EARTH OBSERVATION Weather Underground Launches Best Weather Map Available On The Internet 4D Ionosphere Subsystems Of Cartosat-2A, IMS-1 Functioning Satisfactorily RADARSAT-2 Commissioned And Ready For Commercial Operation	GPS NEWS Backpacker Wins National Magazine Award For General Excellence GPS Treasure Hunts Turn Vacations Into High-Tech Adventures MTI Micro Debuts Embedded Fuel Cell Prototype For Handheld GPS Devices Celevoke Appoints The Real Security Company GPS Tracking System Distribution Partner

The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement