LNG pipes can save money

[Copper]

With New England’s limited gas pipeline capacity, Boston uses LNG imports to fill demand gaps, making it one of the most expensive U.S. markets.

Natural gas sold on Boston’s Algonquin City Gate Hub was trading Tuesday morning for more than $8 per million British thermal units on the spot market, and more than $18 on the futures market for February delivery, according to traders and data compiled by Bloomberg. That compares with $3.76 for the U.S. Henry Hub benchmark .

Although those prices are still lower than the $29 seen in Europe, they could jump quickly during a cold blast. During a cold snap early last month, New England spot gas traded as high as $62.50.

democrats

https://gcaptain.com/boston-draws-caribbean-lng-cargoes-in-rare-price-play/?fbclid=IwAR0ixuYPNdzSdFTvDslZItj7tQou-9WKrQoWWUj0eXKym-8_iOBFG_OqLpw