Orbital Gas Systems Advances Business Development Efforts in China With Distribution Partner SAMSON AG

Posted by OilVoice Press - OilVoice


Orbital Gas Systems ("Orbital" or the "Company"), a wholly-owned Energy subsidiary of CUI Global, Inc. (NASDAQ: CUI), will host multiple technical training sessions in China for its distribution partner SAMSON AG (“SAMSON”) to provide the SAMSON salesforce with the technical skills and knowledge to effectively position the Company's GasPTi technology to China-based natural gas transmission companies. Led by Tony Wimpenny, Head of International Product Sales at Orbital, the training sessions will be held at SAMSON's China headquarters in Beijing during the first week of November and will be followed by joint customer visits and additional business development activities.


Nicholas Clough, Business Development Lead for the Energy Division, stated, “Entry into China is aligned with our goal to expand awareness and drive adoption of our disruptive GasPT technology by operators globally. In SAMSON we have a strategic partner with the business development and sales coverage requisite for success in this large addressable market and with the standing to protect our intellectual property.”


Mr. Wimpenny stated, “As China looks to shift its energy mix towards natural gas, and as its energy regulators advance pipeline reform to improve supply efficiency to meet booming demand, positioning our GasPTi technology in-market today gives us the opportunity for large projects awards in the future. These training sessions will enable our GasPTi to safely, securely, and competitively enter this enormous market.”

According to the International Energy Agency (“IEA”), China produced 112 billion cubic meters of natural gas in 2013, making it the sixth largest gas producer in the world.  Gas production more than doubled over the period 2005-2013.  Despite that rapidly rising natural gas production, in 2013 China imported 52 billion cubic meters of natural gas, making it the world's fifth largest gas importer. Imports increased more than tenfold in the period 2008-2013.  In 2013, China was the world's third-largest importer of LNG, behind Japan and Korea. 

In its “Gas 2018” report, the IEA said Chinese demand for natural gas will rise by almost 60 per cent between 2017 and 2023 to 376 billion cubic meters (“bcm”), including a rise in its liquefied natural gas imports to 93 bcm by 2023.

CUI Global President and CEO, William Clough, stated, “With its extensive use of natural gas for residential, industrial, and vehicular energy, we believe China can be a major consumer for our unique technologies. By partnering with SAMSON we are moving aggressively to replicate the success we have had in Europe.”

ChinaSAMSONOrbital Gas SystemsgasNasdaqCUI Global

More items from oilvoice

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 4 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 4 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 4 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice

Posted 4 months agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice

Posted 4 months agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice