“Lackawanna Clean Energy’s (LCE) primary product is natural gas – 85 million cubic feet per day of pipeline-quality clean natural gas – natural gas produced without exploration and drilling of new wells that disturb the environment.” 
Jim Falsetti, CEO Lackawanna Clean Energy

Natural gas prices have increased dramatically and are expected to increase further.  An independent study of gas and power prices commissioned by LCE shows that both market supply and demand conditions will result in increasing natural gas and electricity prices for New Yorkers. The State has increasing demand for natural gas-fired electrical generation. Increasing natural gas prices affect electricity prices because, according to the New York State Energy Research and Development Authority (NYSERDA), approximately 36% of natural gas consumed in New York State is used for power generation.

In fact, New York’s thirst for clean natural gas is expected to grow during the next ten years, mainly driven by increased electrical generation with natural gas.

Additionally, we believe US natural gas supplies will be further strained in the future.  Natural gas production from producing regions in the United States has had negligible growth since 1990 as natural gas becomes more and more difficult to find.  This has driven the growth of the imported liquefied natural gas (LNG) industry.  LCE is a domestic alternative to uncertain imports of LNG.

By producing clean natural gas in New York State for use in New York State, Lackawanna Clean Energy will turn a petroleum industry byproduct into a clean fuel when and where it is needed.

LCE's natural gas output will account for approximately 3% of the natural gas consumed in New York State and will increase the State's proven reserves by 50% - without drilling a single new well.