UGI and America’s Natural Gas Alliance Hosts Briefing on Energy Economic Forecast for 2015
28 Oct 2014
Dan Whitten, ANGA, 202.789.8480 (office)
Alisa Harris, UGI Energy Services, 610.401.8982 (cell)
BETHLEHEM, Pa. (October 28, 2014) — America’s Natural Gas Alliance (ANGA), UGI Utilities Inc. and UGI Energy Services hosted more than 70 Lehigh Valley businesses and community leaders today for a 2015 Energy Economic Forecast at the ArtsQuest Center at SteelStacks.
Today’s event, a continuation of the “Think About Energy” Briefing series, featured a 2015 natural gas outlook from Amy Farrell, vice president of market development for ANGA. Farrell focused on 2015 supply and production forecasts, variables that could impact prices, as well as an overview of natural gas utilization trends by sector.
“Our Think About Energy briefings have really opened the door to more sophisticated energy discussions at a time when Pennsylvania finds itself at the center of a revolutionary shift in our energy security picture,” Farrell said. “Greater use of natural gas in power generation, manufacturing, transportation and exports offers a multitude of benefits for Pennsylvania and for our nation and I am pleased to be able to share ANGA’s views at this important time.”
Daniel Adamo, director of marketing programs and strategy for UGI Utilities, Inc., and Anthony Cox, director of midstream business development for UGI Energy Services, provided additional information focused on Pennsylvania markets and local customers.
“UGI customers are seeing savings of more than 30 percent over their natural gas bills from five years ago,” Adamo said. “Commercial customers who have converted to natural gas are seeing savings of 50 percent or more as a result of this unprecedented period of stable cost and plentiful supply. The long-term forecast of plentiful supply and stable prices makes natural gas the logical choice to encourage economic growth and business success.”
Cox emphasized the importance of infrastructure development in delivering plentiful supplies to market.
“Last winter, we saw what happens when the infrastructure gap resulted in demand outstripping supply in natural gas and electricity markets in Pennsylvania and surrounding states,” Cox noted. “As the infrastructure required to bring additional supplies of Marcellus Shale to market continues to develop, there will be even greater availability of natural gas for business customers in eastern and central Pennsylvania, resulting in lower and more stable energy pricing. This is a tremendous opportunity for Pennsylvania businesses to take advantage of a homegrown resource.”
U.S. Representative Charlie Dent (PA-!5th District) greeted the audience and found value in the information presented at the event.
“Today’s Think About Energy briefing was an insightful look at the economics of natural gas production and the financial benefits it’s providing Pennsylvanians who use it to heat their homes and to run their businesses,” Congressman Dent said. “My thanks to ANGA and UGI for hosting the forum and discussing the economic impact of the shale energy revolution.”
About America’s Natural Gas Alliance – Representing North America’s largest independent natural gas exploration and production companies, America’s Natural Gas Alliance (ANGA) works with industry, government and customer stakeholders to promote increased demand for our nation’s abundant natural gas resource for a cleaner and more secure energy future and to ensure its continued availability. Learn more about ANGA at www.anga.us.
About UGI Utilities Inc. — Headquartered in Reading, Pa., the company serves more than 660,000 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 – UGI Energy Services is an integrated energy marketing and asset-based company operating throughout the Northeast and Mid-Atlantic regions. UGI Energy Services markets natural gas, electricity and liquid fuels to approximately 43,000 commercial, industrial, institutional, government, and residential customers in nine states as well as the District of Columbia. Additionally, UGI Energy Services buys and sells energy commodities at the wholesale level and owns and operates a variety of electric generation assets in Pennsylvania as well as a variety of midstream natural gas assets that support the storage, transportation and delivery of natural gas.