CONSOL Energy selects LNG provider Linde to help power its drilling and hydraulic fracturing operations

Monday, January 28, 2013
  • CONSOL Energy Inc. (NYSE: CNX) has contracted with Linde to supply LNG and related equipment and services for all of its operations in the Marcellus and Utica basins.

Linde North America, a global leader in the growing liquefied natural gas (LNG) fueling market, today announced that CONSOL Energy Inc. (NYSE: CNX) has contracted with Linde to supply LNG and related equipment and services for all of its operations in the Marcellus and Utica basins. This new agreement follows successful completion of a trial conducted by the two companies using Linde's LNG to replace some of the diesel fuel used to power the diesel engines (gensets) that drive drilling rigs. Under the new agreement, Linde's LNG solution will be used to power gas drilling for CONSOL and may also be expanded to applications such as hydraulic fracturing, mining and marine operations. The LNG-diesel dual-fuel solution lowers the cost of producing on-site power at gas and oil operations and burns more cleanly than diesel fuel alone.

Linde North America is a member of The Linde Group, a world-leading gases and engineering company. CONSOL Energy is a publicly owned Pittsburgh-based producer of coal and natural gas with active exploration and production operations in the Marcellus and Utica shales. It is the leading diversified energy producer in the Appalachian basin.

Jeff Boggs, vice president of drilling for CONSOL Energy said, "The success of our initial collaboration with Linde to power our drilling operations with a hybrid fuel incorporating LNG gave us the confidence to expand our use of this economical, cleaner-burning fuel. Linde has been a great partner, working with CONSOL to safely and reliably implement the use of LNG in our drilling operations. We look forward to working with Linde as we expand our use of LNG to achieve the operational and environmental benefits of natural gas fueling throughout our operations."

'The successful test of our dual LNG-diesel fuel solution in partnership with CONSOL Energy is another demonstration of the safety, feasibility, and efficiency of making the transition to LNG as a primary power source,' said Earl Lawson, head of Energy Solutions for Linde North America. 'We are very pleased that innovator CONSOL Energy has chosen Linde to supply LNG and related equipment and services for all of its operations,'

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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