- Clean Energy Technologies Inc (NASDAQ:CETY) shares are up over 32% Thursday as its subsidiary JSJ obtained certification to access the China Natural Gas Pipeline Network Group Co Ltd (NGPNG).
- With the certification, CETY becomes eligible to use the natural gas storage and transportation infrastructure of the NGPNG, spanning the entire territory of China.
- The certification also allows CETY to access international imports of natural gas (NG) and sell through the NGPNG network.
- The company has secured a total supply to sell up to 40 million cubic meters of natural gas for the rest of 2023, helping it to expand its distribution network.
- “This certification is a significant step for CETY as we have received China’s national recognition and acceptance as the NGPNG plays a vital role in forming a national network for the interconnection of main pipelines,” said CEO Kam Mahdi.
- Price Action: CETY shares are trading higher by 32.19% at $3.08 on the last check Thursday.
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