London, UK-based LL Renaissance Limited, a company committed to the exploration and development of natural gas reserves across western North America, has entered into a joint venture agreement with Paradise Ridge Hydrocarbons Ltd of Calgary, Alberta, for the development of compressed natural gas production and distribution in Southern Alberta, Canada. LL Renaissance`s President commented, “The low priced natural gas situation is a perfect storm opportunity to capitalize on the growing demand for compressed natural gas (CNG) in transportation vehicles, commercial and personal, in major urban centers. With the price of gasoline and diesel continually rising, low priced natural gas could become the transportation fuel of the future.”
