Econergy sees production start at US natural gas project
20 May 2008
Renewable independent power producer, Econergy International, has reported that its coal mine methane capture project in Pennsylvania, US, is up and running and delivering natural gas into the Dominion Peoples local distribution pipeline.
The project is a joint initiative between Econergy and US coal bed methane specialist Vessels Coal Gas Inc. Known as Cambria 33, the project will generate revenue from the sales of natural gas, which is priced at around $11.00 per mcf in the month of May and carbon credits as verified emissions reductions (VERs) which are sold in the US and European voluntary markets.
The project is estimated to sell approximately 300 million cubic feet of natural gas annually over the 12 year life of the project.
Tom Stoner, chief executive of Econergy, said: “Cambria is Econergy International's first development project to come on line and represents a significant milestone in the company's progress.”
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