Encana And NW Natural to Address Joint Venture and The Future Of Natural Gas at North America Gas Summit in October

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Executives Among Energy Industry Leaders to Convene in Washington, DC

The Energy Exchange, host of the North America Gas Summit (http://www.NATGASAMERICA.COM), today reported that Jim Zadvorny, Director Business Development, Encana, and Barbara Cronise, Director of Business Development, NW Natural, will address their respective companies’ joint venture to develop natural gas reserves, as well as the future of the North American Gas Market, at the inaugural North America Gas Summit.

In a recent interview, Matthew Most, VP Environmental Policy, Encana Natural Gas, and a key speaker at the North America Gas Summit, commented to Monika Gonda, Director of the North America Gas Summit, that, “Encana is building a future based on its conviction that natural gas is a clean, domestic solution for a secure energy future, environmental gains and generating economic growth.”

The North America Gas Summit, which will take place October 3 – 5, 2011, in Washington, DC, is a unique gathering of senior-level energy executives, regulators and thought leaders from across the entire supply chain. The North America Gas Summit will serve as a platform for open dialogue between gas supply and demand - to address the latest regulatory issues shaping the future of the North American market, share best practices and discuss the impact of gas prices on shale gas development, public and media perception around hydraulic fracturing, demand creation through natural gas vehicle development and infrastructure needs, the potential of LNG exports and technology needs of liquefaction facilities, natural gas trading and pricing patterns, EPA regulations and expected outcomes of the current study undertaken, as well as the inherent realities of alternative energy.

In addressing his speaking engagement at the North America Gas Summit, as well as the implications of Encana’s joint venture with NW Natural, Mr. Most notes that, “What I enjoy most at these speaking opportunities is opening people’s eyes to the opportunities for natural gas in the electricity sector. We have some new contracting methods that really make the case for gas in a very exciting way that people are just getting their arms around.

This deal was done with NW Natural, which is rate basing its investment in natural gas reserves, and this structure is really a game changer in terms of addressing key questions that utilities have around volatility and price level of gas and its availability. And they don’t have to take our word for it, we can put a contract in place which addresses those concerns, but doesn’t create new concerns of credit and bankruptcy risk.”

Barbara Cronise, NW Natural, echoed Mr. Most’s comments. “The JV has advantages for both our customers and our stockholders. First, for our customers it reduces their exposure to price volatility and variance and provides long-term price stability without the risks associated with other traditional physical or financial hedges. Prior to the Encana transaction, the longest term financial or physical hedge the company had in place was three years with very little volume providing little protection from price variance and volatility over the long term."

She continued, “ The focus of my presentation at the North American Gas Summit in October will be the JV with Encana. I will provide an overview of the transaction including how we determined the benefit to our customers, an overview of the process to gain Commission and consumer group support and approval, as well as key findings.”

To register for the North America Gas Summit, or for additional information, please visit http://www.NATGASAMERICA.COM.

About North America Gas Summit
The North America Gas Summit is the only event to bring together the commercial worlds of gas supply and demand. The entire value chain will meet to discuss the future of natural gas in the energy mix, define solutions and assess the impact of regulations, policies and climate change directives on business operations.The Summit has been developed in conjunction with a high-profile steering committee including Guy Caruso, Senior Advisor, Center for Strategic & International Studies (CSIS) and David Goldwyn, President, Goldwyn Global Strategies and Former Special Envoy for International Energy Affairs at the US Department of State amongst many others.

About The Energy Exchange, LTD.
The Energy Exchange Ltd is an independent, conference organizer and information provider to the global oil and gas and energy sectors. The company was formed in 1997, and has offices in London in the UK. We operate a team of independent senior consultants based across Europe, North America, Asia, Russia and the Middle East.The Energy Exchange Ltd is part of Clarion Events (http://www.clarionevents.com), a global business-to-business event organizer with over 200 staff in New York, London, Birmingham, Hong Kong, Maarssen (The Netherlands), and St Charles (MI), USA. Clarion's energy portfolio includes the utilities and energy-trading specialist Synergy.

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Mostafa Razzak
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