Houston, Texas, December 6, 2021 – Twin Eagle Resource Management Canada, LLC, a leading North American natural gas marketer, has structured a Responsibly Sourced Gas (RSG) transaction involving Vermilion Energy Inc. and Énergir.
Through the transaction, physical natural gas from production sites meeting the EO100TM Standard will be bundled with digital certificates representing the attributes of the production.
Twin Eagle believes that reliably delivering natural gas to its customers while supporting their ESG commitments is vital in today’s world. “We strive to provide solutions for our customer base. Whether natural gas or environmentally based needs, we intend to structure products and services to satisfy our partners. This EO100TM transaction between a trusted producer, Vermilion, and the largest natural gas distribution company in Quebec, Énergir, demonstrates that need and desire.” – Jeremy Davis, President, Twin Eagle
Vermilion Energy Inc. recently achieved certification under the EO100™ Standard for Responsible Energy Development (2017) from Equitable Origin. Vermilion is the third producer of natural gas in Canada to have achieved this rigorous certification. “We believe that delivering responsibly produced gas to the market is an essential part of the energy transition. Independent certifications such as Equitable Origin, and ESG-focused partners such as Twin Eagle and Énergir, support our commitment to continued leadership in this area.” – Curtis Hicks, President, Vermilion Energy Inc.
As a major player in the energy sector in Quebec and Vermont, Énergir is committed to making positive community contributions and to reducing its environmental footprint in all its actions. “Énergir is committed to decarbonizing its natural gas network and working with best in class producers regarding ESG performance. This transaction with Vermilion Energy and Twin Eagle, brings us closer to reaching our target of contracting 100% of our system gas supply through our Initiative for the Responsible Procurement of Natural Gas by 2030 and it allows us to offer greater transparency to our customers and stakeholders.” – Vincent Regnault, Director of Gas Supply and Development of Renewable Gases, Énergir
About Vermilion Energy Inc.
Vermilion is an international energy producer that seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe and Australia. Our business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. Vermilion’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia.
With more than $9 billion in assets, Énergir, L.P. is a diversified energy business whose mission is to meet the energy needs of approximately 535,000 customers and the communities it serves in an increasingly sustainable way. Énergir, L.P. is the largest natural gas distribution company in Quebec; through its joint ventures , it also generates electricity from wind power. And through its subsidiaries and other investments, Énergir, L.P. has a presence in the United States, where it generates electricity from hydraulic, wind, and solar sources; it is also the largest electricity distributor and the sole natural gas distributor in the State of Vermont. Énergir, L.P. values energy efficiency and invests its resources and continues its efforts in innovative energy projects such as renewable natural gas and liquefied and compressed natural gas. Through its subsidiaries, it also provides a variety of energy services. Énergir, L.P. strives to become the partner of choice for those seeking a better energy future.
About Twin Eagle
Twin Eagle is a leading North American energy marketer and midstream terminal operator with a focus on natural gas across the United States, Canada, and Mexico. Our vertically integrated business model delivers exceptional results for our customers from the wellhead to the burner tip.
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