Edge to Capture More US Stranded Gas

Pennsylvania-based Edge LNG has been selected by a large Marcellus basin producer to monetise gas at stranded wells in Tioga County, New York State, it said on January 29.

Edge will deliver equipment by truck to the site and liquefy the wells’ gas. It will then purchase the LNG from the producer and ship it to its existing customers in the region, also by truck. Edge also said it had signed a contract to supply LNG to the City of Norwich, Connecticut, which will provide the gas to homes and businesses.

Operations are already underway and will continue until at least 2022, Edge said.

“The Marcellus is an important region for us, there is lots of potential here with a large number of stranded wells. So much gas goes unharnessed, purely because lack of access to a pipeline has meant there is no economic way to take it to market,” Edge CEO Mark Casaday said in a statement. “We provide operators with an opportunity to profit from wells that would otherwise not be used and we make it into valuable fuel. It's a win-win solution.”

Edge will deliver its equipment in clusters, each comprising two Cryobox liquefaction units. The unique process was created by Galileo Global Technologies, a shareholder of Edge. After equipment set-up and safety checks, production can begin within hours, the company said, requiring minimal investment from the site owner and without the need of pipeline infrastructure.

Edge produced and delivered its first LNG in the US in mid-2019, stating it offered “the first viable route to market for stranded gas reserves, and a revenue generating alternative to flaring or venting associated gas from oil production.” This gas was produced in Pennsylvania and delivered to a New England gas utility. In addition to Galileo, Edge is also backed by private equity firm Blue Water Energy.