Edge LNG signs agreement with large producer

According to the statement, initial operation is now underway, and is scheduled to be ongoing until at least 2022.

Under the terms of the agreement, Edge LNG will utilise its fully mobile, truck-delivered LNG equipment clusters (each of which includes two Cryobox liquefaction units) to the Marcellus site. This unique process, created by Galileo Global Technologies and deployed exclusively by Edge LNG in North America, can reportedly be delivered to any site accessible by road. After setup and safety checks, production can begin within hours, with minimal investment required of the site owner and without the need of pipeline infrastructure.

Edge LNG claims that it will purchase the LNG it extracts from the producer to deliver via its truck-based virtual pipeline to existing customers in the region. According to the statement, the company has also signed a deal to supply LNG to the City of Norwich, Connecticut, which will be used to provide natural gas to homes and businesses.

Mark Casaday, CEO at Edge LNG, said: “The Marcellus is an important region for us, there is lots of potential here with a large number of stranded wells. So much gas goes unharnessed, purely because lack of access to a pipeline has meant there is no economic way to take it to market. We provide operators with an opportunity to profit from wells that would otherwise not be used and we make it into valuable fuel. It’s a win-win solution.”

This latest announcement follows Edge LNG’s US launch and first deal earlier this year, which saw the company successfully monetise a source of previously stranded gas in the Marcellus field and deliver it as LNG to a New England utility.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/29012020/edge-lng-signs-agreement-with-large-producer/