Energtek intends to convert approximately 3,000 three-wheel vehicles in Isabela to operate on natural gas extracted from the San Antonio well using proprietary CNG Lite low-pressure conversion technology.
Energtek entered into a contract with the Philippines National Oil Company for rights to gas extracted from the site. Since the signing of the contract, several converted tricycles have already been operating optimally on natural gas extracted from the well.
Energtek intends to start converting additional vehicles during September 2008. The company aims to convert at least 500,000 tricycles over the next three to four years.
Lev Zaidenberg, CEO of Energtek, said: Energtek is proud to inaugurate our first CNG Lite facility in the Philippines. The natural gas extracted from this stranded gas well will be supplied to drivers for a fraction of the price of equivalent gasoline, providing a substantial improvement in local quality of life.
