A Responsible Approach To Benefit Natural Gas Consumers

Rhea-AI Summary

Enbridge Gas has partnered with EQT Corporation to purchase 15 PJ of Responsibility Sourced Gas (RSG) from November 2022 through October 2023, constituting approximately 3% of its annual gas purchases. This initiative enhances the company's commitment to a sustainable future and climate action without increasing costs for end-users. RSG exceeds current industry standards, emphasizing sustainability across the value chain, and is certified under strict ESG criteria. Enbridge aims to continue diversifying its gas supply portfolio while supporting a low-carbon future.

Positive

• Partnership with EQT to purchase 15 PJ of RSG enhances sustainability efforts.
• RSG exceeds industry standards for sustainability and ESG performance.
• Diversification of gas supply portfolio aligns with climate action commitments.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / December 15, 2022 / There's a new acronym to take stock of in the vernacular of Enbridge Gas.

We've all come to know RNG, or renewable natural gas, very well in the past year or two as we embarked on a number of key initiatives to help manufacture and distribute the clean biogas generated from decomposing organic waste.

Now with help from the United States' largest natural gas producer, EQT Corporation (EQT), we're preparing to introduce our valued customers in Ontario to RSG, or responsibility sourced gas.

We hope everyone will soon recognize that Enbridge's RSG is A-OK, especially from an Environmental, Social and Governance (ESG) standpoint.

At Enbridge, we believe the most cost-effective, dependable and resilient approach to net-zero is a diversified pathway. As part of our overall commitment to a sustainable future, Enbridge Gas has entered into a partnership with EQT to purchase 15 PJ (petajoules) of RSG, beginning in November 2022, and running through October 2023. That's approximately 3% of Enbridge Gas' annual gas purchases, a move that strengthens the company's commitment to climate action-and does so without adding to end-user costs.

We are proud of the diversification of our gas supply portfolio and to that end, we are actively pursuing future RSG opportunities.

So what makes RSG, RSG?

While the natural gas currently purchased by Enbridge Gas meets strict industry-wide criteria for quality, RSG exceeds the current standards to ensure sustainability across the entire value chain. It typically undergoes independent, third-party certification where the natural gas is produced under specified best practices that aim to minimize environmental and community impacts.

EQT has currently certified 66% of its natural gas under both the EO100™ Standard for Responsible Energy Development, which focuses on ESG performance, and the MiQ methane standard. The RSG from EQT will be blended into the Enbridge pool for all customers, and Enbridge will also use RSG to fuel some of its own operations.

"At Enbridge Gas it is our responsibility to provide safe, dependable, cost-effective and sustainable energy solutions," says Jim Redford, Vice President of Energy Services at Enbridge Gas. "As we seek ways to further diversify and balance our company's gas supply portfolio, we are pleased to partner with EQT Corporation on this significant RSG purchase. As we actively chart a path to a low-carbon future, we expect to pursue additional RSG opportunities when they become available."

Alternative and collaborative solutions are imperative to reach our climate goals and Enbridge Gas is leading in the transition to a cleaner energy future.

Read today's news release about our RSG offering.

View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.

Contact Info:
Spokesperson: Enbridge
Website: https://www.enbridge.com/
Email: info@3blmedia.com

SOURCE: Enbridge

View source version on accesswire.com:
https://www.accesswire.com/732074/A-Responsible-Approach-To-Benefit-Natural-Gas-Consumers

FAQ

What is the significance of the partnership between Enbridge and EQT?

The partnership allows Enbridge to purchase 15 PJ of Responsibility Sourced Gas (RSG), enhancing their commitment to sustainable energy.

How much of Enbridge's gas purchases will be RSG?

Approximately 3% of Enbridge Gas' annual gas purchases will be RSG as part of the new initiative.

What does RSG mean for consumers and the environment?

Responsibility Sourced Gas (RSG) is designed to minimize environmental impacts and align with ESG standards, benefiting both consumers and the environment.

When does the RSG purchase agreement with EQT take effect?

The RSG purchase agreement began in November 2022 and will continue through October 2023.

What are the future plans for Enbridge regarding RSG?

Enbridge plans to actively pursue additional RSG opportunities as they become available.