Energtek Inc. develops and applies its proprietary low-pressure storage technology to industrial consumers and fleets of small vehicles, operating through its subsidiaries in North America, Europe, Asia and the Middle East.
Earlier this year, Energtek was granted a license to produce and sell natural gas on the Nir-am Saâ€™ad site, an 807 million-square-foot site in the northern part of Israelâ€™s Negev region. The company yesterday announced its wholly owned subsidiary Energtek Products Ltd. has found a likely natural gas customer in Israel; the natural gas will be extracted from the aforementioned Nir-am Saâ€™ad site.
According to Energtek, the unnamed customer is expected to be the first Energtek customer in the region as the company moves forward with seeking out other potential customers.
“The customer ready to receive natural gas extracted from the Nir-am Sa’ad site will likely be the first industrial consumer to utilize stranded gas in Israel,” Energtek CEO Lev Zaidenberg stated in the press release.
In addition to its storage technology solutions, Energtek offers bulk transportation solutions for industrial applications. It also offers an alternative motor fuel solution for 2-and 3-wheel vehicles in Asia, a market experiencing rapid growth and dominating the Asian roadways.
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