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    market news

    GE has Booked Over $1 bln in Gas Turbine Orders

    Investing News Network
    Sep. 14, 2011 12:13PM PST
    Oil and Gas Investing

    Reuters reported that General Electric Co. (NYSE:GE) has received more than $1 billion in orders for new gas turbines in North America.

    Reuters reported that General Electric Co. (NYSE:GE) has received more than $1 billion in orders for new gas turbines in North America.

    The market news is quoted as saying:

    GE, the world’s largest maker of electric turbines, attributed the rising demand to increased U.S. production of natural gas, driven by surging production of shale gas.

    Steve Bolze, head of GE’s power and water business, says,

    “The recent increase in production has helped to ensure reliable supply and a consistent price structure, making natural gas an economically viable, dependable option,” s

    Click here to access the entire news

    market newsnyse:geproduction of natural gas
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