TravelCenters of America LLC TA announced today that it has entered a
definitive agreement with Shell Oil Products U.S. to construct and operate a
network of natural gas fueling lanes at TravelCenters locations along the U.S.
Interstate Highway System.
The agreement provides that Shell will construct at least two natural gas
fueling lanes for large over the road trucks and related storage capacity at
up to 100 TA and Petro Stopping Center locations, at Shell's cost, within
several years. Shell has agreed to supply natural gas fuel to these locations
and Shell and TA will separately market natural gas fuel to their respective
customers.
The agreement's focus is on liquid natural gas, or LNG. TA expects to monitor
customer demand for natural gas fuels and, if appropriate, may adjust its
plans to include dispensing of compressed natural gas, or CNG.
Thomas M. O'Brien, President & CEO of TravelCenters of America, commented as
follows:
“I am pleased to have finalized an agreement between TA and Shell for natural
gas fueling. The agreement, for TA, represents a prudent approach to an
emerging market. Over time, TA believes natural gas will become a significant
fuel for the trucking industry. Both TA and Shell have been working diligently
on site selection, and I am hopeful that our first locations may be
operational within one year's time.”
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