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Teekay LNG Partners LP. Message Board

  • counselor711322 counselor711322 Oct 8, 2012 8:39 PM Flag

    CAT goes "all in" on LNG

    The first ever Natural Gas for High Horsepower Applications Summit just concluded in Houston. That this event even exists is bullish for natural gas. But an announcement from Caterpillar's director of gas engine strategy, Joel Feucht, stole the show…

    Caterpillar is the world's largest manufacturer of construction and mining equipment. If there's earthmoving to be done, chances are good you'll find the company's bright yellow machines on the job. Only soon, they'll be powered by liquefied natural gas (LNG)…

    Houston's Rock Hill Herald newspaper reports Caterpillar has "decided to go all in on gas." Feucht told the conference, "We see a global market long term. Large engines are going gas. It's not debatable. It's our conclusion."

    The company's first LNG-powered vehicles will be large mining trucks and locomotives. Caterpillar expects to launch the vehicles within five years.

 
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43.07+0.33(+0.77%)Aug 19 4:00 PMEDT

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