State Gas Ltd. (AU:GAS) has released an update.
State Gas Ltd has announced the successful commissioning of its pioneering Compressed Natural Gas (CNG) Facility in Australia, which is ready to commence sales of compressed gas following final approvals. This milestone marks State Gas as an emerging player in alternative fuel provision, supporting decarbonization and offering environmental benefits by utilizing natural gas over diesel. The operational CNG Facility is expected to enhance the company’s revenue streams and reduce its reliance on equity capital while advancing exploration and the pursuit of a permanent production license.
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