Edge LNG to utilise stranded wells in Marcellus
Published by Jessica Casey,
Edge Gathering Virtual Pipelines 2 LLC (Edge LNG) has been selected by a large producer to capture and liquefy gas from its stranded wells in Tioga County in the Marcellus basin, US. Initial operation is underway and is set to be ongoing until at least 2022.
The deal sees Edge LNG deploy its fully mobile, truck-delivered LNG equipment clusters, each containing two Cyrobox liquefaction units, to the Marcellus site. This unique process, created by Galileo Global Technologies and deployed exclusively by Edge LNG in North America, can be delivered to any site accessible by road. After set-up 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 will purchase the LNG it extracts from the producer and deliver via its truck-based virtual pipeline to existing customers in the region. The company has also signed a deal to supply LNG to Norwich, Connecticut, US, 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 as there is lots of potential due to a large number of stranded wells. So much gas goes unharnessed, purely because the lack of access to a pipeline has meant there is no economic way to take it to market. The company provide operators with an opportunity to profit from wells that would otherwise not be used and made into valuable fuel. It’s a win-win solution.”
The 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.hydrocarbonengineering.com/gas-processing/29012020/edge-lng-to-expand-in-marcellus/
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