Australia's Global Energy Ventures (GEV) is moving closer to realising its export plans using a new $1.2bn fleet of compressed natural gas (CNG) vessels.
The ASX-listed company said it has selected a site at Port Sulphur near New Orleans in the US Gulf, next to existing gas pipeline infrastructure. A platform will be built offshore with compression and loading facilities capable of filling its CNG Optimum 200 ships in less than 24 hours.
