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Shell Energy North America Seeks Expression of Interest for Broadwater Natural Gas Sales

EarthTimes.Org: Posted : Wed, 05 Mar 2008 13:12:02 GMT
Author : Shell Energy North America 
Category : PressRelease 
 
HOUSTON, March 5 — Shell Energy North America (US), L.P., (Shell Energy North America) a leading natural gas and power marketing and trading company, today announced it would discuss potential natural gas supply sales with large natural gas consumers and distribution companies in Long Island, New York City and southern Connecticut in support of the success of the Broadwater project.

Shell Energy North America is responsible for marketing all of the natural gas from the Broadwater LNG project, which will be located in Long Island Sound. Broadwater is a joint venture between Shell US Gas & Power LLC and TC Pipelines, LP. Broadwater will deliver a large new supply of clean-burning natural gas directly into Long Island, New York City and southern Connecticut through an interconnection with the existing Iroquois Pipeline System. It is estimated that this significant supply could equal nearly 30 percent of current annual demand.

“Broadwater may well change the dynamics of the gas supply in New York. Instead of being last on the delivery system, New York will be first,” said Mark Hanafin, CEO of Shell Energy North America. “Subject to the upcoming decision by the Governor of New York, we will introduce a competitively priced new supply of natural gas, a clean-burning fuel, to the residents of New York.”

“Based on Broadwater’s continued progress, now is the right time to have further discussions with our potential customers regarding natural gas supply contracts from Broadwater. To date, we have had preliminary inquiries from utilities, generation and energy companies, and other large commercial and industrial natural gas customers,” Hanafin added.

“We are hopeful that this new significant supply of clean-burning natural gas will be an important contributor to existing and future power generation facilities in the region positively impacting the residents of the State of New York and the surrounding region.”

Headquartered in Houston with regional offices throughout the U.S., including Syracuse, NY, Shell Energy North America is a wholly owned subsidiary of Royal Dutch Shell plc (Shell) and operates throughout North America as an integral part of Shell’s global trading network. A leader in North American gas and power marketing, Shell Energy North America and its subsidiaries trade and market natural gas, wholesale power and risk management products with counterparties and customers throughout the region. Shell Energy North America’s success can be linked to its ongoing ability to provide customers with a diverse network of supply supported by a host of flexible and integrated marketing, trading, risk management and asset management tools and services.

As a part of Shell, it leverages Shell’s resources, global reach, employee expertise and financial strength to offer integrated, comprehensive energy solutions tailored to meet the needs of its wide variety of customers, including large commercial and industrial users, major retailers, local gas distribution companies, electric utilities, independent power producers, retail energy aggregators, and oil and gas companies.

Shell Oil Company, including its consolidated companies and its share in equity companies, is one of America’s leading oil and natural gas producers, natural gas marketers, gasoline marketers and petrochemical manufacturers. Shell, a leading oil and gas producer in the deepwater Gulf of Mexico, is a recognized pioneer in oil and gas exploration and production technology. Shell Oil Company is an affiliate of the Shell Group, a global group of energy and petrochemical companies, employing approximately 108,000 people and operating in more than 130 countries and territories.

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Shell Energy North America 

http://www.earthtimes.org/articles/show/shell-energy-north-america-seeks-expression-of-interest-for-broadwater,303160.shtml

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