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Philadelphia gas works seeks approval for P3 project to unlock LNG revenue stream

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LNG Industry,


Philadelphia Gas Works (PGW) has submitted details of its proposed Public Private Partnership (P3) project with Passyunk Energy Center, LLC (PEC) to the Philadelphia Gas Commission (PGC) for review.

The project, if approved, will facilitate the marketing and sale of LNG to regional customers by PEC, with the potential to generate millions of dollars in PGW revenue each year, through fees and revenue-sharing.

As proposed, PEC will build new liquefaction and truck loading facilities and will market and sell LNG, while PGW will operate the LNG facilities and sell related services to PEC. The new facilities will occupy a limited footprint entirely within PGW’s existing Passyunk Plant.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21092018/philadelphia-gas-works-seeks-approval-for-p3-project-to-unlock-lng-revenue-stream/

 

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