Gas Natural Inc (EGAS) Expanding Into Compressed and Liquid Natural Gas Businesses

February 24, 2014

Gas Natural Inc (EGAS) is expanding its business model to include compressed natural gas and liquid natural gas. Gas Natural CEO Gregory Osborne says his company has formed a partnership with Boston-based Global Partners to deliver compressed natural gas to commercial customers in Maine who don’t have a pipeline.

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“It doesn’t make sense to own a pipeline tube, but it does make sense to bring them CNG, if it is a large savings to the companies and it is a good margin for us,” Osborne says. “We are excited about that — that new business and then on a larger scale, if there is enough load there, we are actually bringing LNG into a customer in Maine, and that’s a good business too.”