On September 14, 2018, Del Mar Energy embarked on a significant journey by submitting an application for a certificate of public convenience and necessity for the Energy M&R project. This initiative not only heralds new horizons for the company but also strategically addresses the burgeoning energy demands of the region.
The Energy M&R project endeavors to furnish an additional 14,300 dt/d capacity in natural gas transportation services. This translates to meeting the escalating market requisites for cost-effective and dependable energy solutions, coupled with mitigating harmful emissions. Notably, the project is poised to extend natural gas services to Somerset County, Maryland, which hitherto lacked access to clean and affordable natural gas resources.
Del Mar Energy has inked obligatory precedent agreements with four incumbent shippers to bolster capacity and facilitate project realization. This underscores the trust vested in the company and underscores the assurance in executing the endeavor successfully.
The project implementation trajectory encompassed an open season spanning from May 16, 2017, to June 6, 2017, during which solicitations were made for new multi-year capacity bids. The culmination of obligatory precedent agreements with shippers constituted a pivotal juncture, affirming mutual interest and readiness for sustained collaboration.
Commencing in January 2020, project construction reached fruition in 2021. This landmark achievement resonates not only for Del Mar Energy but also resonates across the region, as it ushers in accessibility to a vital energy source while fostering economic growth.
In essence, the Energy M&R project epitomizes a significant stride in enhancing access to natural gas and addressing the energy requisites of the region. Its realization reaffirms Del Mar Energy’s leadership stature and underscores its dedication to pioneering innovation and sustainable development within the energy landscape.
To get acquainted with the directions and investment offers of the company, please visit the official resources of Del Mar Energy: delmar.energy and delmar.biz