Archaea Energy Inc. spent the first three months of the year adding renewable natural gas (RNG) assets and projects to boost its production nine-fold within the next six to eight years.

rng supply graph

The Houston-based RNG producer, which is majority owned by Rice Investment Group, is still relatively fresh from its merger with Aria Energy LLC last year. However, management said its 1Q2022 results represented “an important inflection point.”

CEO Nick Stork said the company is focused on increasing long-term RNG production and long-term contracts using momentum from its legacy companies. However, there is more progress to make.

[Want to know how global LNG demand impacts North American fundamentals? To find out, subscribe to NGI’s Daily Gas Price Index]

Archaea’s Version 1 or V1 RNG...