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AGA Contacts:
Jennifer O’Shea, 202-824-7023
Jake Rubin, 202-824-7027

 Natural Gas Will Play Key Role In Our Nation’s Future   

AGA Chairman Ron Jibson Outlines how Natural Gas can help Address National Priorities

New York, NY – America’s natural gas utilities are at the forefront of an energy revolution, delivering exceptional value to their customers, shareholders and our nation. Ron Jibson, Chairman of the American Gas Association spoke today to the New York Society of Security Analysts where he outlined how America’s domestic abundance of this clean energy source will transform the way we use energy and help address many of our national priorities including boosting our economy.

“Domestic natural gas supplies are expected to be sufficiently robust to meet even significant growth in demand across all sectors at reasonable and relatively stable prices for the next decade and beyond,” said Jibson. “America’s natural gas utilities operate the largest and most efficient energy delivery system in the world, capable of continuing to deliver this fuel safely and reliably throughout the United States. With the tremendous advances being made in direct and distributed use in homes, businesses, industry and vehicles, everyone can have access to the promises of natural gas.”

AGA believes it is possible for the United States to produce more than 80 Bcf of natural gas per day by 2022 if demand requirements develop to require such production growth. Affordable prices and a future of market stability provide an opportunity to make long-term investments throughout the natural gas value chain. These investments create jobs and improve the safety and reliability of our infrastructure for years to come.

Mr. Jibson, who is chairman, president and CEO of Questar Corporation (NYSE: STR) in Salt Lake City, made the financial case for investing in local natural gas utilities, highlighting the financial strength and growth opportunities in the energy utility sector as demonstrated in the performance of the Hennessy Gas Utility Index Fund (MUTF: GASFX) against the S&P 500 and Dow Jones Utilities Average over the past 10 years.

Mr. Jibson also mentioned the American Taxpayer Relief Act that enacted low tax rates for dividends permanent which will help utilities expand and rebuild critical infrastructure, in turn, helping to meet the nation’s energy needs. Most AGA members have paid dividends continuously for more than 50 years.

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The American Gas Association, founded in 1918, represents more than 200 local energy companies that deliver clean natural gas throughout the United States. There are more than 71 million residential, commercial and industrial natural gas customers in the U.S., of which 94 percent — over 68 million customers — receive their gas from AGA members. Today, natural gas meets almost one-fourth of the United States' energy needs.

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