February 20, 2013
The low prices for natural gas in North America are driving a lot of construction and development in the energy sector, including a pipeline project that's brought good news for one New York company, and created a big issue for some Vermonters.
Steve Wark is a Vermont Gas spokesperson.
"Were building this based upon strong assumptions that it'll be very competitive with fuel oil in the future. The other thing that it brings to the table is that it's a much cleaner burning fuel. So for organizations, companies that are looking to reduce their carbon footprint, it's a way to do that immediately by fuel switching."
And that's what the International Paper mill, across Lake Champlain in Ticonderoga, New York, also recognized.
"We were looking at our energy costs and the cost particularly of fuel oil which is one of our primary fuels here." said Donna Wadsworth, spokesperson for the mill, "We started looking at the possibility of natural gas and coincidentally heard of this pipeline going in, contacted Vermont gas, and began discussions."
The two companies made an agreement. Vermont Gas would build the pipeline south to Middlebury.
Then they'd route the pipeline west, under Lake Champlain and into New York state to the Ticonderoga mill.
Read more at the Innovation Trail website here.