Olympus deal is key first for RSG market

Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas

In mid-July, a relatively small announcement marked an important evolution in the development of a market for environmentally responsible US natural gas. Olympus Energy, a private upstream and midstream natural gas developer, entered into a long-term agreement with natural gas marketing firm Tenaska Marketing Ventures to sell ‘responsibly sourced gas’ (RSG). The notable ‘first’ as it relates to RSG is admittedly a bit technical. The transaction is the first done through a registry using quantified emissions data. It is noteworthy because both elements reflect the likely future for RSG and, plausibly, for much of US natural gas. Appreciating this innovation requires some unpacking, first abou