Universal Bioenergy Inc., (OTCMarkets: UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced that NDR Energy Group, its subsidiary, signed an agreement for natural gas storage facility services with the largest natural gas distributor in the U.S. to generate more revenue and profits.

The gas distribution company supplies and delivers natural gas to over 20.9 million customers on the west coast. Its parent company, a Fortune 500 company, traded on the New York Stock Exchange, reported revenues of $10.0 billion in 2011, in its annual report.

NDR Energy Group, signed a Master Core Secondary Market Services Agreement with the gas utility under their Park, Loan and Wheel Program for natural gas storage facility services. Under the terms of the agreement, the company which owns and operates 134 billion cubic feet of underground gas storage facilities will provide the storage facility, and Universal / NDR Energy Group would purchase, supply and transport the natural gas from the gas fields to the facility for storage. NDR Energy will sell the natural gas in the marketplace to meet seasonal load imbalances, engage in futures contracts and spot market sales, physical gas trading, financial gas trading; includes hedging, and the use of natural gas derivatives and other financial instruments to generate greater revenues and profits.

"We are very excited about this agreement. We have been talking about this for over a year, and now NDR has done it. This is a real game changer for us," Universal's President Vince M. Guest said in a news release. "NDR Energy will now add gas storage as one of our major new profit centers for the company. This should bring us significant revenues and profits in the coming year. Gas storage will position us to generate millions in potential sales and profits from gas trading, hedging, management, options, swaps and transportation. NDR Energy has been working on this deal for many months, and has finally scored a major financial coup for the company. The contract limits NDR Energy from disclosing the customer's name and certain details of the transaction, however, we'll be providing more details on the benefits to our shareholders at later date."