In our latest video, UGI Energy Services President Joe Hartz provides a comprehensive overview of the company's evolution from its 1985 origins as a retail natural gas marketer to its current position as a diversified midstream energy infrastructure company.
As the first snow of the season has arrived along with sub-freezing temperatures, behind every thermostat sits a sophisticated network of natural gas storage and delivery systems—including liquefied natural gas (LNG) peak shaving facilities.
Peak shaving facilities function as strategic reserves for the natural gas system, storing fuel during off-peak months and releasing it when natural gas demand spikes. The process involves cooling natural gas to -260°F, reducing its volume by 600 times for efficient storage, then warming it back to gaseous form for pipeline injection when called upon.
After many years of stability and relatively low prices, the natural gas market has taken a turn towards volatility and skyrocketing rates. Consumers should be aware of these recent changes and take action to mitigate the risks associated with an unsteady, high-priced market.
National Gas Intelligence’s recent episode of their Hub and Flow podcast featured 7 contributors to the recent volatility in the natural gas market. Domestic politics, international unrest and weather conditions all play a factor in this crazy rollercoaster of a market. Here I’ll summarize the overall contributors to this volatility as laid out by National Gas Intelligence.
Wyomissing, PA – UGI Energy Services, LLC, a subsidiary of UGI Corporation (NYSE: UGI), announced the completion of an expansion of its flagship Auburn system in Wyoming and Susquehanna Counties in Pennsylvania.