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Omnitek Enters Peruvian Market with $4.5M CNG Conversion Contract

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Omnitek Engineering Corporation is entering the market in Peru with an exclusive distribution agreement and a $4.5 as the company’s exclusive agent in Peru. The conversion project, which is expected to commence in April and be completed over a two-year period, is being financed by the natural gas supplier GNC Energia Peru S.A.

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Shell completes acquisition of Repsol S.A. LNG portfolio

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billion of balance sheet liabilities relating to existing leases for LNG ship charters, substantially increasing the shipping capacity available to Shell’s LNG marketing business. The company’s already diverse and flexible portfolio will be boosted with LNG supply in the Atlantic from Trinidad & Tobago, and in the Pacific from Peru.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

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