Chesapeake Energy to Invest $150 Million in Clean Energy

Investment is focused on building a network of LNG truck fueling stations to form the backbone of America's natural gas highway.


Littlefair concluded, "Deployment of new and innovative heavy-duty natural gas engines by world-class engine manufacturers and original equipment truck manufacturers such as Cummins-Westport, Kenworth, Peterbilt, Navistar, Freightliner and Caterpillar, combined with Clean Energy's LNG fueling station construction expertise through our NorthStar subsidiary, the strategic locations afforded by Pilot-Flying J and the investment by Chesapeake, should serve to quicken the transition to natural gas fuel as a game-changer for heavy-duty trucking."

Currently priced $1.50-$2.00 per gallon lower than diesel or gasoline (depending upon local markets), the use of natural gas fuels reduces greenhouse gas emissions up to 30 percent in light-duty vehicles and lowers emissions by approximately 23 percent in medium to heavy-duty vehicle applications. The U.S. Department of Energy reports that 98 percent of the natural gas consumed in the United States is sourced in the United States and Canada, making natural gas a secure North American energy choice.