EQT opens compressed natural gas fueling station in Pittsburgh's Strip District
Posted on July 19, 2011
Pittsburgh, PA – EQT Corporation, one of the Marcellus Shale region’s largest natural gas exploration and production companies, today announced it is taking another step toward helping the U.S. achieve energy independence with the opening of its new compressed natural gas (CNG) fueling station. EQT will hold a grand opening on Thursday, July 21 at 9:00 a.m. at 2926 Smallman Street in Pittsburgh’s Strip District.
“EQT continues to promote natural gas a clean, cheap alternative fuel source which will lessen America’s independence on foreign oil,” said David Porges, EQT chairman, president and chief executive officer. “We have a vast resource of natural gas below our feet with the Marcellus Shale, as well as a tremendous opportunity in this country to convert fleet vehicles to natural gas to save money and protect the environment.”
Natural gas as a transportation fuel is a proven technology with about 13 million natural gas vehicles (NGVs) worldwide. There are only about 112,000 NGVs in service in the U.S., but that number is quickly growing, as more waste companies and transit authorities convert their fleets to natural gas. On a “wells to wheels” basis, NGVs produce 23% fewer greenhouse gas emissions than vehicles that run on petroleum-based fuels. Natural gas is the lowest carbon transportation fuel. Replacing one heavy duty vehicle that runs on diesel with a natural gas version has the same emissions benefits as taking 325 cars off the roads.
Natural gas also costs much less than petroleum-based transportation fuels. Today, natural gas at EQT’s new station costs $1.849 on a per gallon of gasoline equivalent basis.
EQT built the CNG station at a cost of about $2.3 million dollars, $700,000 of which came from the Alternative Fuels Incentive Grant Program through the Pennsylvania Department of Environmental Protection. Chapman Corporation of Washington, PA served as the general contractor for the project, and many other local companies provided $1.7 million worth of materials or services including CP Industries of McKeesport. In addition, Zoresco of Turtle Creek converted 33 Equitable Gas Company (EQT’s natural gas distribution company) to CNG.
The CNG station is one of the first within Pittsburgh city limits and will be open to both commercially and privately owned NGVs. The unmanned station will be open 24 hours a day and accepts all major credit cards.
EQT is one of the largest natural gas producers in the Appalachian Basin and in the country. Headquartered in Pittsburgh, PA and operating in Pennsylvania, West Virginia, Virginia and Kentucky, EQT is a technology-driven leader in the integration of air and horizontal drilling with 120 years experience. The company is committed to meeting the country’s growing demand for clean energy, while continuing to promote safety, provide a rewarding workplace, and enrich the communities where its 1,800 employees live and work. Additional information about EQT can be found on the company’s website at www.EQT.com.