• 2 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 2 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 2 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 2 days Schlumberger Warns Of Moderating Investment In North America
  • 2 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 2 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 2 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 2 days New Video Game Targets Oil Infrastructure
  • 2 days Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 3 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 3 days British Utility Companies Brace For Major Reforms
  • 3 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 3 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 3 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 3 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 3 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 3 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 4 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 4 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 4 days Russia, Saudis Team Up To Boost Fracking Tech
  • 4 days Conflicting News Spurs Doubt On Aramco IPO
  • 4 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 5 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 5 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 5 days China To Take 5% Of Rosneft’s Output In New Deal
  • 5 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 5 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 5 days VW Fails To Secure Critical Commodity For EVs
  • 5 days Enbridge Pipeline Expansion Finally Approved
  • 5 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 6 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 6 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 6 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 6 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 6 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
Alt Text

Copper Prices Ignited By Chinese Demand Growth

Copper prices saw some gains…

Alt Text

Is South America Set For A Gold Rush?

A Chinese gold miner is…

Chesapeake, GE Get in on Home-Refueling Game

Chesapeake, GE Get in on Home-Refueling Game

Several US companies are working on new ways to render natural gas cars more attractive: developing affordable home refueling systems that would make it easy to take advantage of low natural gas prices courtesy of the shale boom.

Home refueling units aren’t a novel idea—they’ve been around for years, letting consumers tap into their existing home natural gas supplies and compress the fuel overnight to fill the tank of their car. The potential should be high given the fact that some 57% of Americans already use natural gas at home for heating or cooking.  

The problem is that it’s too expensive, despite the fact that we are in the middle of a massive shale boom and natural gas prices are at their lowest ever and up to $2 less per gallon than gasoline or diesel.

Related article: Genel Energy Shares Up on Kurdistan Pipeline

The upfront expense of buying and installing home refueling units has kept a novel idea from becoming widely adopted; as has the higher prices for natural gas cars, which on average carry a price tag that is $10,000 higher than conventional vehicles.

There is only one manufacturer of home refueling units in the US—Italian-owned BRC Fuelmaker, and its units cost around $6,500 with installation. Now some new players are ready to pounce on this scene, and are promising to change the way we think about home-refueling.

Chesapeake Energy, second-largest producer of natural gas, is working with General Electric Co. and Whirlpool Corp. to develop a $500 home-refueling unit.

Related article: This Mystery Points to Big Changes Afoot for Coal

The new units, if successful, could make natural gas a more viable alternative to gasoline, driving up sales of the vehicles. At this point there are some 110,000 light-duty natural gas-powered cars in US. Also, out of total 120,000 gasoline stations, there are only 540 public compressed natural gas refueling stations in the whole country.

The new unit, currently under development, will fit in a residential garage, hook into a natural gas line and dispense compressed natural gas into vehicles.

Chesapeake CEO Aubrey McClendon says that once drivers can refill CNG cars at home, General Motors, Toyota and other auto makers will boost production of the vehicles. “When GM and Toyota see that, you’ll see the cars flying out.”

By. Charles Kennedy of Oilprice.com




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News