PGW assessing potential for LNG expansion

Philadelphia Gas Works said that it is accepting non-binding proposals for the purchase of LNG in order to assess the market potential of its natural gas liquefaction capabilities. 

In fiscal year 2014, PGW sold more than 1 Billion cubic feet of LNG. The company now seeks to measure the potential size of the market, to gain insight into the value of liquefaction capacity expansion.

PGW currently operates one of the largest LNG storage facilities in the country, with a capacity of 4.3 Bcf.

Raymond Snyder, vice president of gas management at PGW said, “With the current expansion of the LNG market, we believe that we can expand the positive impact of that benefit.”

According to the Institute for Energy Research, Pennsylvania ranks third in natural gas production, behind Louisiana and Texas.

[mappress mapid=”16520″]

Press Release; Image: PGW