Questar and Applied LNG Technologies to Explore New Liquefied Natural Gas Projects (USA)

Questar Corporation today announced that its subsidiary Questar Transportation Services Company (QTS) and Applied LNG Technologies, LLC (ALT) have signed a memorandum of understanding (MOU) establishing a framework for the companies to jointly explore new market opportunities for Rockies liquefied natural gas (LNG).

QTS, a subsidiary of Salt Lake City‐based Questar Corporation, provides natural gas midstream field services, including gas gathering and processing.

Headquartered in California, ALT, a subsidiary of Applied Natural Gas Fuels, Inc., is a producer and distributor of transportation- and industrial‐grade LNG on the West Coast and in the Southwest.

Under the MOU announced today, QTS and ALT intend to accelerate market expansion of LNG products and services in the Rockies, primarily in the transportation and manufacturing sectors.

The business framework is designed to increase net‐to‐the‐well prices for Rockies producers supplying gas to this new market.

“The MOU sets the stage for ALT and QTS to jointly work with Rockies gas producers to develop LNG projects to serve large fleet owners and industrial users with a domestically produced, more environmentally friendly fuel that costs less than gasoline or diesel fuels.

We hope to build on the leading role our affiliate, Questar Gas, has developed expanding CNG refueling capability in Utah,” said R. Allan Bradley, Executive Vice President of Questar Corporation.

“The agreement signed today by QTS and ALT establishes a promising collaboration between two long‐time natural gas providers,” added Cem Hacioglu, President and CEO of ALT.

“It will help us meet the growing demand from our nation’s large trucking fleets, industrial users of propane and oil, and intermodal transportation and rail companies for proven alternatives to traditional fuels that are also less expensive and produce fewer harmful emissions.”

[mappress]

Source: questar, July 15, 2010