Potential New Market for Marcellus/Utica Gas: LNG for Use in U.S.
Liquefied natural gas (LNG) isn’t just for exporting to other countries. LNG is increasingly used right here at home, in the U.S. GDF SUEZ Gas has provided LNG to the northeastern U.S. for the past 40 years for use in ships, railroad locomotives, long-haul trucks, and heating/power generation. Earlier this week GDF SUEZ announced a sort of “open season” for bids on a massive increase in their capacity to provide more LNG in the northeast. They call it the advanceLNG Project.
The potential good news for producers of Marcellus and Utica Shale gas is that if the advanceLNG Project moves forward, it will need lots of natural gas from the region to feed it. advanceLNG is a potentially lucrative new market for the northeast’s abundant supplies of natgas…
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