Informative Presentations on Natural Gas Price, Supply, and New Technologies Provided to Area Business Leaders
April 28, 2016 – Cabot Oil & Gas Corporation, UGI Utilities, UGI Energy Services, the Greater Hazleton Chamber of Commerce, Can Do, and the Northeast PA Manufacturers and Employers Association hosted a Think About Energy briefing on Thursday, April 28 at Genetti Catering, Hazleton.
Today’s Think About Energy briefing was the ninth in a series of briefings conducted across Pennsylvania over the past three years. The Hazleton session provided information to attendees on the supply and price outlook for natural gas; natural gas infrastructure developments; and natural gas use in the power, transportation, and commercial sectors, among other topics.
George Stark, director of external affairs at Cabot, discussed the importance and the need for greater infrastructure investments to bring natural gas to businesses and consumers in Pennsylvania and other regional markets.
“Pennsylvania produced more than 4.7 trillion cubic feet of natural gas in 2015 and is now the country’s second highest gas producer. We have an amazing opportunity to not only put this local fuel to work in our local communities, but to also energize our neighboring states. We need to keep infrastructure projects like the Atlantic Sunrise Pipeline, PennEast Pipeline and others moving forward to spread the environmental and economic benefits that natural gas offers,” Stark said.
Becky Eshbach, director of marketing programs and strategy for UGI Utilities, and Allen Coleman, manager of midstream business development for UGI Energy Services, provided information on Pennsylvania markets and opportunities for local customers.
“UGI customers are seeing savings of more than 40 percent over their natural gas bills from five years ago,” Eshbach said. “Commercial customers who converted to natural gas are seeing significant savings as a result of this unprecedented period of stable cost and plentiful supply. This makes natural gas the logical choice to encourage economic growth and business success.”
Coleman emphasized the importance of infrastructure development in delivering plentiful supplies to markets and consumers.
“As the infrastructure required to bring additional supplies of Marcellus Shale natural gas to market continues to develop,” Coleman said, “there will be even greater availability of natural gas for business customers throughout Pennsylvania, resulting in lower and more stable energy pricing. This is a tremendous opportunity for Pennsylvania businesses to take advantage of a homegrown resource.”
Robert Watts, Northeast Regional Director of the Governor’s Action Team, began the meeting by stressing the importance of natural gas to Pennsylvania economic development.
Moxie Energy, PepsiCo, the Pennsylvania Manufacturers’ Association, and Trillium CNG presented information on recent projects in the region and discussed opportunities for future growth. These projects take advantage of clean-burning natural gas. From power generation, to fueling transportation, to combined heat and power (generating electricity and useful heat simultaneously), these applications and uses provide significant savings through the greater use of natural gas.
About Cabot Oil & Gas Corp. – Cabot Oil & Gas Corporation is an independent natural gas producer and a leading developer of the natural gas supply contained in the Marcellus Shale in Pennsylvania. For more information, visit the Company’s homepage at www.cabotog.com.
About UGI Utilities Inc. – Headquartered in Reading, Pa., the company serves more than 680,000 customers in 45 Pennsylvania counties and one county in Maryland. Customers interested in additional information can visit the UGI website at www.ugi.com; on Facebook at www.facebook.com/ugiutilities; and Twitter at www.twitter.com/ugi_utilities.
About UGI Energy Services, LLC – UGI Energy Services is a subsidiary of UGI Corporation. UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 19,000 residential, commercial, industrial, institutional and government customers at approximately 43,000 locations in nine states and Washington, D.C. In addition, it stores and delivers natural gas and generates electricity. Additional information is available at www.ugies.com.