Oh the irony of it. New York State wants cheap natural gas—and in fact the state wants shale gas—but they won’t allow drilling. That doesn’t stop state officials from recognizing a good deal when they see it. So New York has struck a deal to buy shale gas from Pennsylvania for five NY state universities. Why? Because it’s cheap!
New York State has awarded EnergyMark LLC a three-year natural gas supply contract to supply natural gas to five State University of New York colleges and universities.
A statement from Williamsville-based EnergyMark said the contract totaled more than $22 million.
EnergyMark, a natural gas and power supply company, will supply the campuses with gas that will be transported by pipelines from shallow wells in New York and horizontal Marcellus Shale wells in Pennsylvania. The campuses include those at University at Buffalo, Buffalo State College, SUNY Fredonia, Alfred State and the New York State College of Ceramics at Alfred University.
According to SUNY, the contract is scheduled to begin April 1, 2012 and run through March 31, 2015.*
*Buffalo Business First (Mar 28, 2012) – EnergyMark inks $22M gas deal with SUNY