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Energtek Announces Creation of American Subsidiary for Activities in USA
Energtek Announces Creation of American Subsidiary for Activities in USA.
About this update from Energtek Inc
[{"type":"text","content":"\n\n\n\nEnergtek Announces Creation of American Subsidiary for Activities in USA\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\nEnergtek Announces Creation of American Subsidiary for Activities in USA\nPR Newswire\nNEW YORK, Nov. 20, 2013\n\n\n\nNEW YORK, Nov. 20, 2013 /PRNewswire/ -- Energtek Inc. (OTCBB: EGTK), a global leader in mobile natural gas supply is now rolling-out its unique solutions in the U.S. market through its newly-founded fully-owned subsidiary, AMP - American Mobile Pipeline Inc. (\"AMP\") \n\nThe creation of AMP is the result of a strategic decision by Energtek to focus efforts in the North American market, in order to develop supply activities and solutions to energy consumers who are not connected to the pipeline. \n\nThis strategic decision was taken by the Board of Energtek as a result of a thorough analysis of the North American energy market in general and the U.S. specifically. \n\nDue to the \"shale gas revolution\", the U.S. has become the number one natural gas producer in the world and production continues to grow.  This has created a substantial price gap between natural gas and oil derivative fuels, which according to a majority of the experts is here to stay.\n\nThe industrial and commercial customers that are not connected to a natural gas pipeline are at a disadvantage and need to reduce their energy costs in order to be competitive.  Also, increasing pressure from environmental protection agencies are causing these consumers to consider switching to natural gas. Yet substantial areas of the U.S. do not have sufficient pipeline coverage.  Pipelines are expensive, require many regulatory approvals, often there are geographical barriers and in any case take time to build.\n\nLev Zaidenberg, CEO of Energtek, is very enthusiastic about this exciting new focus of the company.\n\n\"Natural gas already plays a major role in most sectors of the U.S. economy: power generation, industrial, commercial, residential, and increasingly is the solution of choice also in transport.  The key to bui...