NYC Conf: Competing Visions to Relieve New England Gas Crunch

SNL Financial reports on the Platts Northeast Power and Gas Markets Conference in New York City, held last week on May 28-29. Among those participating were companies offering vastly different solutions for the ongoing natural gas shortage in New England. On one side was GDF Suez Gas NA LLC (a French company) and Repsol Energy North America (a Spanish company), both hoping to import LNG to Massachusetts. Their pitch is that New England just needs enough natural gas to even out the peaks and valleys of supply–and of course GDF’s LNG terminal is the perfect solution (see Guess Why GDF Suez Doesn’t Want Marcellus Pipeline to New England). On the other side was Spectra Energy whose stated goal is to move 1/3 of Marcellus Shale gas produced into New England (see Access Northeast Pipeline — Pulling Ahead of Kinder’s NED Project?). Here’s a summary/wrap-up…

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