New England Paying Equivalent of $180 Oil for Natural Gas

In recent weeks and months, MDN has beat the drum about the high price of natural gas and electricity (generated by burning natural gas) in New England (see our stories here). The simple truth is this: New England blocked pipelines, so now it must import LNG from foreign countries in order to keep the lights on and to keep furnaces blowing hot air during our particularly cold winter. New England is paying international prices (obscenely high) for their LNG, competing for LNG on the open market along with Europe and Asia.

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