UGI Provides Update on PennEast & Other New PA Pipeline Projects
During the AmeriGas Partners quarterly analyst conference call yesterday, Pennsylvania utility giant UGI Corporation CEO John Walsh gave an update on several projects of interest for those in the PA Marcellus Shale. Oh! We should point out AmeriGas is the country’s largest propane company and a subsidiary of PA-based UGI, which is why Walsh was on the call. And what did he say? Walsh provided an update on UGI’s $60 million project to build a new LNG production plant in Wyoming County, PA (see UGI Building LNG Plant in NEPA, Local Marcellus Gas to Feed It). He also spoke in glowing terms about the PennEast Pipeline and how he sees that project unfolding (it should be operational by late 2017). Walsh also updated analysts on several pending pipeline projects that will feed electric plants being built in the Marcellus. Here’s what he said yesterday…
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MDN invites you to join us in attending RBN Energy’s “State of the Energy Markets” one-day event in New York City on July 23. Before you hurry to say “yes,” a few caveats. It costs money (a lot of it). It’s aimed at executives working in the industry, as well as traders and investors. If that describes you (and we know that many of you read MDN), you may be interested in attending. We guarantee it will be a great event. Rusty Braziel & company will provide an overview of the key issues facing natural gas, NGLs and the crude oil market. They will explain how the markets for those three commodities interact and affect each other. They will also take a look at prices, where they may be heading, and how infrastructure affects price. If you are really “into energy” as we are, this is a must attend event. Details are below, along with a link to register…