UGI Corporation’s midstream and marketing subsidiary is on top of things when it comes to infrastructure.
UGI Energy Services LLC is responsible for selling natural gas, liquid fuels and electricity to an estimated 20,000 customers from 36 different utilities located in 10 different states across the U.S. The subsidiary also owns and operates LNG, power generation, propane storage and trans-shipment facilities, underground natural gas storage, along with gathering and interstate pipeline properties.
Currently, UGI Energy Services has invested over $600 million in midstream and generation assets. One of the subsidiary’s investments includes more $250 million towards 45 miles of pipeline and two compressor stations located in Luzerne, Susquehanna and Wyoming counties in Pennsylvania. According UGI Energy Services Vice President of Midstream Assets and Services Peter Terranova, “This system transports locally produced Pennsylvania gas to interstate pipelines and to local markets served by UGI Penn Natural Gas (PG).”
One expansion project UGI Energy Services has invested in is the PennEast Pipeline. The pipeline will connect markets in eastern Pennsylvania, New Jersey and New York to the natural gas producing shale formations known as the Marcellus and Utica. The purpose of the pipeline is to deliver natural gas supplies and provide savings and reliability to those in eastern Pennsylvania and New Jersey. While UGI Energy Services is the project manager and operator of the PennEast, it is a partnership including AGL Resources, NJR Pipeline Company, PSEG Power LLC, South Jersey Industries and Spectra Energy Partners.
To read Peter Terranova’s entire article in the Marcellus Shale Coalition’s Quarterly Magazine Spring 2015 Edition, click here.