GE has Booked Over $1 bln in Gas Turbine Orders

- September 14th, 2011

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

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