Global Energy Ventures to discuss its natural gas shipping technology at Proactive’s CEO Sessions
Thursday, 23 May 2019 Global Energy Ventures Ltd (ASX:GEV) will discuss its natural gas shipping technology at Proactive’s CEO sessions next month. The company further developed its global compressed natural gas (CNG) strategy during the March quarter in parallel with its CNG Optimum shipyard selection process, finalising ship technical specifications, construction and scheduling plans. Global Energy held $3.67 million in cash at the end of the quarter excluding $210,000 to be raised from the director participation in the February placement. Embed video code GEV chairman &CEO Maurice Brand said: “The combination of our successful design, test and now full technical specification documentation for the Optimum 200 ship establishes GEV as the only ‘construction ready’ marine CNG vessel globally. “This also provides a new marine class to service the growth in regional gas markets that include the Middle East, Central Asia, South East Asia, West Africa, Americas and Europe. “The completion of our design, test construction cost, schedule and follow-on confirmation of our selected shipyards is already having a material impact in the discussions we are holding.” READ: Global Energy Ventures advances global Compressed Natural Gas strategy The company is also scoping two additional markets within a shipping distance of less than 2,500 kilometres and appointed gas advisors are reviewing gas supply options out of Oman, the United Arab Emirates and Qatar. In Papua New Guinea, Global Energy continued dialogue with Twinza Oil on the Pasca A-offshore development post-delivery of a positive pre-feasibility study for a marine CNG export solution to take gas to markets such as the east coast of Australia and domestic PNG. Register for the CEO Sessions today Sydney details, Monday, June 3, 2019 Melbourne details, Tuesday, June 4, 2019 Also featuring will be West Wits Mining Ltd (ASX:WWI) and Emmerson Resources Ltd (ASX:ERM).
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