Southwestern Energy, Uniper Execute Supply Agreement for RSG
June 14 2022 - 7:36AM
Business Wire
Multi-year agreement to provide certified
low-methane emission U.S. natural gas for domestic and
international markets
Southwestern Energy Company (NYSE: SWN), the largest dual-basin
natural gas producer in the U.S., today announced a multi-year,
certified Responsibly Sourced Gas (RSG) sales agreement to the
North American subsidiary of Uniper, one of Germany’s largest
publicly listed energy supply companies.
As part of the agreement, SWN will supply Uniper with RSG for
its U.S. midstream gas portfolio that includes domestic
distribution to downstream customers as well as natural gas to
supply U.S. facilities for liquefaction and export to global LNG
markets. RSG is a distinct natural gas classification that is
verified for low-emission attributes and environmentally
responsible production. The agreement represents the first RSG
transaction for Uniper in the United States and its second in North
America.
“Southwestern Energy is strategically positioned to supply the
world’s growing energy demands with its responsibly sourced gas. We
believe natural gas is foundational to a low carbon future, and
that U.S. natural gas in particular plays a vital role in
supporting global energy supply and security. This agreement
further demonstrates SWN’s differentiated position to reliably
deliver responsibly sourced gas both here at home and abroad,” said
Bill Way, Southwestern Energy President and Chief Executive
Officer. “We’re excited to announce this agreement with Uniper and
pleased to provide a critically-needed and low carbon energy
solution.”
SWN is a leading natural gas producer in the U.S., producing
responsibly sourced gas from its operations in the Appalachia and
Haynesville Basins. Its natural gas already reaches global markets
through its existing transportation and firm sales agreements,
including approximately 1.5 Bcf per day currently sold to
liquefiers. Additionally, as an industry leading ESG performer, SWN
is deploying continuous emissions monitors at each pad location to
further improve and validate its emissions performance.
“Transparency in energy production practices is a growing market
interest, and agreements like this one are key to deploying
responsibly sourced solutions for customers in the U.S. and
abroad,” said Marc Merrill, President and CEO for Uniper in North
America. “Southwestern Energy’s reputation as a first-mover in RSG
makes it a valued supplier in assisting our customers achieve their
critical supply objectives in a responsible manner.”
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S.
producer and marketer of natural gas and natural gas liquids
focused on responsibly developing large-scale energy assets in the
nation’s most prolific shale gas basins. SWN’s returns-driven
strategy strives to create sustainable value for its stakeholders
by leveraging its scale, financial strength and operational
execution. For additional information, please visit www.swn.com and
www.swn.com/responsibility.
About Uniper
Uniper is a leading international energy company, has around
11,500 employees, and operates in more than 40 countries. The
company plans for its power generation business in Europe to be
carbon-neutral by 2035. Uniper’s roughly 33 GW of installed
generation capacity make it one of the world’s largest electricity
producers. The company's core activities include power generation,
global energy trading and a broad gas portfolio, which makes Uniper
one of Europe’s leading gas companies. In addition, Uniper is a
reliable partner for communities, municipal utilities, and
industrial enterprises for planning and implementing innovative,
lower-carbon solutions on their decarbonization journey. Uniper is
a hydrogen pioneer, is active worldwide along the entire hydrogen
value chain, and is conducting projects to make hydrogen a mainstay
of the energy supply. The company is based in Düsseldorf and is one
of Germany’s largest publicly listed energy supply companies.
Together with its main shareholder Fortum, Uniper is also Europe’s
third-largest producer of zero-carbon energy.
In North America, Uniper conducts sales, trading and marketing
activities across a range of energy commodities in all major
markets. The company provides reliable solutions to assist
customers in meeting their decarbonization and wider energy needs.
Uniper’s North America operations are located in Houston, Chicago
and Calgary.
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version on businesswire.com: https://www.businesswire.com/news/home/20220613005883/en/
Southwestern Energy Contact Brittany Raiford Director,
Investor Relations (832) 796-7906 brittany_raiford@swn.com
Uniper Contact David Slack VP, Communications and
Government Relations (202) 591-6465 david.slack@uniper.energy
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