Lehigh Gas Partners LP : Lehigh Gas Partners LP : Lehigh Gas Partners LP and
Clean Energy Partner to Develop Compressed Natural Gas Fueling Stations at
Lehigh Gas Facilities
Lehigh Gas Partners LP and Clean Energy Partner to Develop Compressed Natural
Gas Fueling Stations at Lehigh Gas Facilities
ALLENTOWN, PA and SEAL BEACH, CA (March 25, 2013) - Lehigh Gas Partners LP
(NYSE:LGP), a leading wholesale distributor of motor fuels, and Clean Energy
Fuels Corp. (Nasdaq: CLNE), North America's largest provider of natural gas
for transportation, today announced an agreement to develop compressed natural
gas (CNG) fueling stations at potentially 20 Lehigh Gas facilities throughout
the United States.
The two companies will work together to identify Lehigh Gas sites on which to
construct CNG fueling stations. TheCNGstations will be accessible to the
public for CNG refueling and conveniently located for commercial CNG fleets,
including shuttles, taxis, small- to mid-size trucks and other natural gas
vehicles (NGV). Clean Energy will be responsible for the construction and
operation of the CNG fueling stations and the management, marketing and sales
of CNG at Lehigh Gas sites.
"Lehigh Gas appreciates the leadership position Clean Energy has taken in the
development of CNG and is pleased to partner with them to offer an alternative
fuel option to help people get where they need to go," Joseph Topper, chairman
and CEO of Lehigh Gas Partners, said. "This agreement supports our
alternate-fuel strategy of developing refueling sites both on our own and also
with best-in-class providers like Clean Energy," Topper added.
"Lehigh Gas has been early to recognize the significant environmental and
lower-cost benefits of natural gasand is a great fit as Clean Energy's partner
in publicly accessibleCNG stations," said Greg Roche, Clean Energy's vice
president for national accounts."The two companies have unique strengths that
will bring convenience, cost-savings and a cleaner-burning fuel to the growing
number of NGV drivers," Roche added.
Priced up to $1.50 less per gasoline-gallon equivalent than diesel fuel (based
on current market conditions), the use of natural-gas fuel reduces costs
significantly for vehicle and fleet owners and lowers greenhouse-gas emissions
up to 23 percent in medium- to heavy-duty vehicles, according to Clean Energy.
Additionally, natural gas is a secure North American energy source, as 98
percent of the natural gas consumed in the United States is produced in the
United States and Canada.
This news release contains "forward-looking statements," which are based on
current plans and expectations and involve a number of risks and uncertainties
that could cause actual results and events to vary materially. For a full
discussion of these risks and uncertainties, please refer to the "Risk
Factors" section of the Prospectus filed with the Securities and Exchange
Commission ("SEC") by Lehigh Gas Partners LP on October 26, 2012, and other
SEC filings. These forward-looking statements are based on and include our
expectations as of the date hereof. Subsequent events and market developments
could cause our expectations to change. Although we may elect to update these
forward-looking statements at some point in the future, we specifically
disclaim any obligation to do so, even if new information becomes available,
except as may be required by applicable law.
About Lehigh Gas Partners
Lehigh Gas Partners, headquartered in Allentown, Pa., was formed to engage in
the wholesale distribution of motor fuels and to own and lease real estate
used in the retail distribution of motor fuels. Lehigh Gas Partners owns and
leases sites located in nine states: Pennsylvania, New Jersey, Ohio, Florida,
New York, Massachusetts, Kentucky, New Hampshire and Maine. For additional
information, please visitwww.lehighgaspartners.com.
About Clean EnergyFuels Corp.
Clean Energy Fuels Corp. (Nasdaq: CLNE) is the largest provider of natural gas
fuel for transportation in North America and a global leader in the expanding
natural gas vehicle fueling market. We have operations in CNG and liquefied
natural gas (LNG) vehicle fueling and construction and operation of natural
gas fueling stations. Wholly-owned subsidiaries include IMW Industries, Ltd.,
which supplies CNG equipment for vehicle fueling and industrial applications
worldwide; NorthStar, which supplies LNG and liquefied to compressed natural
gas fueling system technologies and equipment, station construction and
operations; BAF Technologies, which provides natural gas vehicle systems and
conversions for taxis, vans, pick-up trucks and shuttle buses; and Clean
Energy Renewable Fuels (CERF), which develops renewable natural gas (RNG), or
biomethane, production facilities in the U.S. For more information,
Lehigh Gas Partners Investor Contact:
Vice President, Investor Relations
Lehigh Gas Partners
Lehigh Gas Partners Media Contact:
Vaughan Communications Group
Clean Energy Investor Contact:
Director, Investor Relations
Clean Energy Fuels Media Contact:
Senior Vice President, Corporate Communications
# # #
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applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Lehigh Gas Partners LP via Thomson Reuters ONE
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