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.”