AGA Chairman Tells World Gas Conference that Expanded Use of Abundant U.S. Domestic and Global Natural Gas Supplies Can Address
October 08 2009 - 1:00PM
PR Newswire (US)
BUENOS AIRES, Argentina, Oct. 8 /PRNewswire-FirstCall/ -- Thomas E.
Skains, AGA chairman, and chairman, president and CEO of Piedmont
Natural Gas Company (NYSE:PNY) spoke today at the 24th World Gas
Conference about the outlook for the U.S. domestic natural gas
industry and its role in a global energy economy. Specifically, Mr.
Skains addressed some of the strategies America's natural gas
industry is pursuing and the unique market and regulatory
conditions under which it operates. "Perhaps never in its history
has the U.S. domestic natural gas industry experienced more changes
than it is right now, and this is just the beginning," noted
Skains. "The largest change affecting the U.S. market is an
increasingly home-grown supply portfolio, led by unconventional
onshore shale gas. The abundance of American natural gas resources
is a fundamental change - a paradigm shift - in conventional
wisdom. Natural gas prices have changed as well; gas purchased by
utilities in June of this year cost on average 68 percent less than
in June of 2008." Mr. Skains also spoke to broader topics including
natural gas supply and demand, conservation and energy efficiency,
natural gas supply diversity and energy legislation. "Natural gas
is a clean, efficient and abundant U.S. and global energy resource.
The widescale use of natural gas in residential, commercial,
industrial, power generation, and transportation applications is
good for the global economy, the global environment and for the
global energy consumer," Skains concluded. About Piedmont Natural
Gas Piedmont Natural Gas is an energy services company primarily
engaged in the distribution of natural gas to more than one million
residential, commercial and industrial utility customers in North
Carolina, South Carolina and Tennessee, including 61,000 customers
served by municipalities who are wholesale customers. Our
subsidiaries are invested in joint venture, energy-related
businesses, including unregulated retail natural gas marketing,
interstate natural gas storage and intrastate natural gas
transportation. Additional information about Piedmont is available
on the Internet at http://www.piedmontng.com/. DATASOURCE: Piedmont
Natural Gas CONTACT: David L. Trusty of Piedmont Media,
+1-704-731-4391, Web Site: http://www.piedmontng.com/
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