Clean Energy Technologies, Inc(CETY) announced the sale of 6.65 million cubic meters of natural gas (NG) in China for the first quarter of 2023. This represents approximately $2.5 million in sales.
Clean Energy Technologies secures major natural gas sales in China to meet growing demand
The demand for NG in China is expected to continue to grow, despite price fluctuations in the market. This increase is possible thanks to the economic recovery and the economic growth target set by the Chinese government for 2023.
To better manage market risk, Clean Energy Technologies is adjusting its natural gas strategy. It then focuses on a stable, high-volume pipeline natural gas (PNG) business. And don’t bet on an opportunistic low-volume business with higher margins in liquefied natural gas(LNG) or compressed natural gas (CNG). CETY expects continued growth in natural gas demand in China. He is currently looking to secure major contracts for the remainder of the year.
Clean Energy Technologies’ innovative solutions for clean energy production
Clean Energy Technologies is a clean energy manufacturing and services company based in Costa Mesa, California. It offers recyclable energy solutions, clean fuels and alternative electricity for small and medium-sized projects in North America, Europe and Asia.
The company’s main products are waste heat recovery solutions using its patented Clean Cycle TM generator. To be able to produce electricity and waste-to-energy solutions. Clean Energy Technologies also provides engineering, consulting and project management solutions to develop clean energy projects for municipal and industrial clients as well as engineering, procurement and construction (EPC) companies.
CETY’s natural gas trading operations in China aim to source and supply natural gas to industries and municipalities located in China. CETY’s common stock is listed on the Nasdaq Capital Market under the symbol CETY.
