It is worth mentioning that New Times Energy has signed a contract with a local public transportation operator to provide CNG to 41 buses with a daily consumption of approximately 60 cubic meters per vehicle. This deal guarantees a definite amount of natural gas sales which ensures a steady income during the early stage of operation of the facility.
“This opening indicates our commitment to providing natural gas to local logistics and transportation end users in Guizhou Province. Other LNG/CNG stations will adopt a similar business model and will aim to secure definite natural gas sales with various business partners before commencement of operation of the stations. This allows us to achieve its expected sales volume within the shortest period possible,” said Sun Jiang Tian, Executive Director of New Times Energy.
Source: New Times Energy