LFG - Archaea Energy signs 20-year RNG deal with Quebec's top natural gas distributor

Archaea Energy ( NYSE: LFG ) said on Monday it is expanding its commercial partnership with Energir LP by selling renewable natural gas .

Under the deal terms, which is subject to approval from Quebec regulators, Energir plans to purchase more than 2M MMBtu/year of RNG generated by Archaea ( LFG ) for a fixed fee for 20 years starting in October 2023.

Archaea ( LFG ) said it is the second long-term commercial agreement with Energir, the largest natural gas distribution company in Quebec.

Archaea ( LFG ) expects the RNG produced for the expanded partnership will be a key contributor towards Energir's interim target of delivering 2% of its total annual natural gas volumes using RNG by 2023, with a longer-term target of 5% by 2025.

Archaea Energy ( LFG ) said recently it agreed to supply more than 330K MMBtu/year of renewable natural gas to Pennsylvania-based utility UGI Utilities .

For further details see: