GE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use...

|By:, SA News Editor

GE (GE -0.9%) and Chesapeake (CHK +0.9%) team up in an effort to make it easier to use compressed natural gas as a transportation fuel through a new "CNG In A Box" system, which can compress natural gas from a pipeline into CNG onsite at a traditional filling station or industrial location. The companies claim it can save fleet vehicle operators ~40% in fuel costs vs. gasoline.