Energy Economic Forecast · UGI Energy Services 4 Natural Gas •~ 100 Bcf •> 41,000 locations...
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Energy Economic Forecast October 28, 2014 Anthony Cox Director, Midstream Business Development
Transcript of Energy Economic Forecast · UGI Energy Services 4 Natural Gas •~ 100 Bcf •> 41,000 locations...
Energy Economic Forecast
October 28, 2014
Anthony Cox Director, Midstream Business Development
Agenda
• About UGI
• Midstream and the Infrastructure Gap
• UGI Solutions
• Announced Projects
UGI Energy Services, LLC / 2
UGI Corporation
UGI Energy Services, LLC / 3
UGI operates in 50 states and 16 European countries
Domestic Propane International
Propane UGI Utilities
Midstream & Marketing
AmeriGas also operates in
Hawaii and Alaska
UGI Energy Services
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Natural Gas • ~ 100 Bcf
• > 41,000 locations
• 36 LDCs
Power • > 2 MM
MWhrs
• > 10,000 locations
• 20 EDCs
Pipelines , Liquid Fuels, Peaking and Gathering
• 1.25 Bcf LNG Storage , 15 Bcf NG storage
• Existing and in-development, ~1 Bcf/d of gathering
Generation • Hunlock: 125
MWs combined cycle
• Conemaugh: 102 MWs coal-fired
• Renewable energy: ~ 17 MWs
Generation Midstream Marketing
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What is Midstream?
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PA and Surrounding States Transmission
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Regional Basis Pricing
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-$3.50
-$2.50
-$1.50
-$0.50
$0.50
$1.50
$2.50
$3.50
$4.50
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2-D
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-Dec-1
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1-J
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-Mar-
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Lo
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$/M
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TU
)
TETCO-M3
TGP-Z4 Marcellus
Leidy-Transco
Transco-Z6 (non-NY)
Transco Z6 non-NY Key Dates
Date Price
23-Jan-13 $9.42
22-Nov-13 $3.04
2-Jan-14 $20.66
6-Jan-14 $90.40
21-Jan-14 $135.35
22-Jan-14 $115.03
23-Jan-14 $46.82
27-Jan-14 $90.05
28-Jan-14 $28.64
Date Price
23-Jan-13 $10.42
2-Jan-14 $21.91
6-Jan-14 $55.40
21-Jan-14 $90.35
22-Jan-14 $93.54
23-Jan-14 $34.32
27-Jan-14 $84.05
28-Jan-14 $26.64
TETCO
M3 Key Dates
Spot Price Comparison – Texas Eastern M3
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$-
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
$90.00
2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Capacity vs. City Gate Prices – 2013-14
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$-
$10.00
$20.00
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
$90.00
Texas Eastern Zone M-3 MarcellusCapacity
Announced Projects in the Northeast
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Source: Bentek Energy, Benposium Sept ‘14
UGIES Marcellus-related Projects Through 2017
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Shorter, More Cost Effective Transport
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Midstream Case Study: Auburn & Union Dale
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PennEast Pipeline – One Part of the Solution
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PennEast Pipeline Developers
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UGI LNG Solutions
Traditional
• LNG is used to serve peak natural gas demand during extreme cold weather
o LNG provided by UGI for past four decades
o Security and reliability of supply top priority
• Infrastructure is “Tried and True”
o Liquefaction Process and Cryogenic Storage Designs
Non-Traditional
• Primary Driver is economics
o Other factors include LNG’s environmentally friendly properties
o LNG is an attractive option to Diesel, Gasoline, Waste Oil
• Infrastructure is in various phases of development
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Thanks!
Anthony Cox Director, Midstream Business Development
