Re CNG I don’t believe GEV has completely pivoted from natural gas to hydrogen and that the door does remain open for a CNG project to commercialise some time in the future (although promised pre Covid). The pre salt region in Brazil has been targeted by GEV for multiple CNG projects but is still in its infancy with a lot of fields yet to come online. Further geopolitical tensions and its affect of gas prices might make a CNG project from the Middle East into Europe more attractive.
GEV Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
