Energtek in natgas deal with Indonesia's DML PTE

Newswire

TEL AVIV, June 25 (Reuters) - Energtek Inc , a U.S.-Israeli developer of natural gas storage technology, and DML PTE Ltd of Indonesia said on Wednesday they had formed a $25 million joint venture to commercialise the technology in southeast Asia. Projects scheduled by the joint venture are quickly expected to surpass $100 million in revenue, the companies said in a statement. The joint venture, Energtek Far East PTE, will enable vehicle owners and industrial businesses to use natural gas ...

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