In an effort to develop natural gas a transportation fuel, Chesapeake Energy Corp. (NYSE: CHK) and GE (NYSE: GE) announced a collaboration to develop compressed natural gas (CNG) and liquefied natural gas (LNG) infrastructure transportation and home fueling solutions to the market. 

The memorandum of understanding will seek to marry GE's global oil and gas technology portfolio with Chesapeake’s expertise in developing fueling solutions for natural gas vehicle (NGV) fueling stations to create modular and standardized CNG stations. These stations, which will be called "CNG In A Box," will begin ...