Energtek, Inc. (EGTK.PK) Foresees Increased Natural Gas Activities in India
Energtek Inc., a world leader in the development of Adsorbed Natural Gas (ANG) technology, announced this morning that rebounding oil prices and additional Natural Gas (NG) production capacity will increase the potential of its Indian subsidiary to generate significant revenues. Earlier this month, the company stated it expects the subsidiary to report initial revenues during the final quarter of this year. The Center for Monitoring Indian Economy (CMIE) anticipates NG production in India will increase by more than 60 percent in the coming year. "In 2009-10, we expect domestic natural gas output to grow by a robust 60.5 per cent…