Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



U.S. New England set to get first LNG cargo since summer

(Reuters) - New England could get a load of much needed LNG for the winter heating season in coming days from a vessel full of the super-cooled fuel that is sitting in Boston Harbor.

New England depends on LNG and oil to fuel some power plants on the coldest days when most of the region's pipeline gas is used to heat homes and businesses.

About half of the power generated in New England comes from gas-fired plants.

The Cadiz Knutsen is sitting in Boston Harbor outside U.S. energy company Constellation Energy Corp's Everett LNG import terminal in Massachusetts with a cargo of LNG from Trinidad and Tobago.

That would be the first LNG vessel to visit Everett since August, according to Refinitiv data.

But with Everett competing with European buyers willing to pay around $35 per million British thermal units (mmBtu) for gas compared with just $6 in the United States, the Massachusetts port has imported only 16.7 billion cubic feet (bcf) of gas as LNG during the first 10 months of this year.

That is down from 18.1 bcf during the same period in 2021 and a five-year (2017-2021) average of 33.3 bcf, according to federal energy data.

When U.S. energy company Exelon Corp owned the Everett LNG facility, Exelon said it used the terminal to import fuel for its Mystic power plant. Exelon also said it sold some LNG to utilities throughout New England to help them meet their peak demand needs.

Exelon spun off Constellation earlier this year. Officials at Constellation were not immediately available for comment.

(Reporting by Scott DiSavino Editing by Tomasz Janowski)


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Lee Nichols
Modern society would not be possible without the use of pipelines to transport natural gas, crude oil and finished products to demand centers.


Optimizing Gas Distribution: Accounting for Changeovers, Regulators, and More

Register Now

Gas distribution systems are critical to the effective operation of many industrial facilities around the world. Despite the importance of these systems, however, opportunities to improve their performance and cost-effectiveness are often missed or misunderstood. Increasing changeover pressure may seem like a good way to improve system flow, for example, but it often does so at the expense of bottled gas. Adding regulators may help you control supply pressure, but it also adds cost to your system. So, how do you know what the ideal gas distribution setup is for you?

Attend this webinar to:

  • Gain a basic understanding of the fluid dynamics that affect pressure control in gas distribution systems, learning to interpret flow curves and recognize phenomena like lockup, droop, and supply pressure effect (SPE)
  • Learn how inlet pressure affects regulator performance and when to specify certain regulator types and configurations to effectively control gas system pressures

Understand the inherent trade-offs between gas utilization and flow capacity and how to select both the right changeover pressure and automatic changeover panel design for your operations.

May 4, 2021 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2022 Gulf Publishing Holdings LLC.