Avista Forms Salix to Explore Domestic LNG Market
Salix, a non-utility subsidiary of Avista, has been formed to explore domestic markets that could be served with liquefied natural gas, primarily in the West and Pacific Northwest.
Robert J. Lafferty, a 30-year employee of Avista, who has been named president of Salix said: “The increase in natural gas production and sustained lower costs make it possible to serve new markets, especially those markets where environmental issues and long-term economics are key drivers.”
“Salix will explore ways to extend the significant benefits of natural gas beyond traditional pipeline-supplied markets,” he added.
“Avista’s growth strategy has long-been to deliver innovative, cost-effective energy solutions. Salix will be the platform for our ongoing work exploring the growth potential of LNG with customers in search of better solutions,” said Scott Morris, chairman, president and CEO of Avista.
Press Release, June 24, 2014; Image: Avista