EDGE pioneers new way to capture, distribute and monetize stranded and flared gas

Pennsylvania, USA: Edge Gathering Virtual Pipelines 2 LLC (“EDGE”), the pioneer in delivering low-cost, high quality LNG by converting stranded and flared natural gas, has produced and delivered its first LNG in the United States. With no need for pipelines, EDGE is the first viable route to market for stranded gas reserves, and a revenue generating alternative to flaring or venting associated gas from oil production.

EDGE began on-well-site LNG production in the US on May 7 2019, accessing Marcellus gas in Pennsylvania, and making truck-delivered LNG sales to its first customers, which include Emera Energy Services, Inc. To date, EDGE has delivered over 30,000 gallons of LNG to a delivery point at a New England gas utility over 300 miles away from the Marcellus production site.

The EDGE Virtual Pipeline works by deploying Galileo Global Technologies’ transportable Cryobox LNG production and liquefaction equipment “at the source” – natural gas wells – and delivering the LNG directly to customers’ doorsteps. EDGE Cryobox units fit on a standard 40 ft tractor trailer and are designed to be quickly and easily connected, and disconnected, from feedstock gas wells. Units are also self-powered using produced gas, removing the need for a grid connection.

For owners of stranded gas wells, or oil producers forced to flare or vent associated gas, EDGE is a revolutionary way to monetize otherwise uneconomic assets. As a scalable and modular solution, EDGE requires minimal capex and opex investments that rise in parallel to the production curve, ensuring a compelling financial case for asset owners. For LNG buyers, EDGE offers a new source of high-quality, low cost LNG that can be delivered anywhere. By sourcing otherwise “wasted” gas and avoiding pipeline costs, EDGE will be among the most competitive suppliers of truck-delivered LNG worldwide.

 

EDGE uses technology developed and proven in Argentina, and is successfully producing and delivering LNG in the US. However, it is suitable for use anywhere in the world where stranded, flared or vented gas is an issue. The World Bank estimates 140 bn cubic meters of gas are flared globally each year, emitting 300m tons of CO2 and wasting enough gas to provide 750 bn kWh of electricity, or more than the African continent’s current annual electricity consumption.

Mark Casaday, Chief Executive Officer of EDGE said: “It is estimated that stranded wells account for up to 60% of global reserves, and up to 20% of those drilled in Marcellus, showing the scale of this untapped resource.

“The virtual pipeline model has already been deployed in Mendoza, Argentina, where the first LNG-fuelled power plant running entirely on previously stranded gas, is now well established. Now we’re bringing this innovation to the US and rest of the world. With EDGE, well-owners can monetize these assets for the first time, and the market benefits from the lowest cost and highest quality LNG available.”

Mark Dickinson, Managing Director, Blue Water Energy, added: “EDGE is a truly rare thing: a company solving a global issue that has the industry wringing its hands, with a solution at once both truly innovative and brilliantly simple. LNG is a fuel of the future and EDGE can take it anywhere.”

Edge Gathering Virtual Pipelines 2 LLC purchases the Cryobox units directly from manufacturer Galileo Global Technologies, which is also a shareholder along with specialist international private equity firm, Blue Water Energy. EDGE also has an agreement with NextEra Energy Marketing LLC to act as exclusive sales and marketing partner in the US. NextEra Energy Marketing, LLC is a wholly-owned and indirect subsidiary of NextEra Energy, Inc., the world’s largest utility company and a pioneer in reimagining America’s energy future. 

For more information, visit: https://edgelng.com/ 

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EDGE turns stranded gas into revenue. Gas trapped in stranded and orphaned wells, or vented or flared as a by-product from oil production – whatever the source, EDGE produces and distributes the lowest-cost LNG on the market. EDGE unlocks the latent potential of gas without the need for pipelines or fixed infrastructure, while also offering environmental benefits to responsible asset owners by replacing the need for flaring or venting.

EDGE uses proven Cryobox technology – a mobile liquefaction unit delivered by trailer. Units can begin production with hours, producing up to 10,000 gallons of LNG per day, which is then distributed anywhere it is needed by EDGE’s virtual pipeline. Anywhere a truck can go, EDGE can go.

Founded in 2018, Edge Gathering Virtual Pipelines 2 LLC purchases the Cryobox units directly from manufacturer Galileo Global Technologies, which is also a shareholder along with specialist international private equity firm, Blue Water Energy. EDGE also has an agreement with NextEra Energy Marketing LLC to act as exclusive sales and marketing partner in the US. NextEra Energy Marketing, LLC is a wholly-owned and indirect subsidiary of NextEra Energy, Inc., the world’s largest utility company and a pioneer in reimagining America’s energy future. 

Media contact:
Louise Douglas, Aspectus Group
louise.douglas@aspectusgroup.com
+44 (0)1224 472 553
Megain Buchan

© Press Release 2019