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Dec 20 (Reuters) – New England will get one other load of much-needed liquefied pure gasoline (LNG) for the winter heating season in coming days from a vessel stuffed with the supercooled gas that’s on its option to Boston Harbor.
That might be the second LNG cargo from Trinidad and Tobago to go to the Northeastern U.S. area this winter. The primary arrived on the identical ship – the Cadiz Knutsen – in November.
New England depends upon LNG and oil to gas some energy crops on the coldest days when many of the pipeline gasoline obtainable to the area is used to warmth houses and companies.
About half of the ability generated in New England comes from gas-fired crops.
The Cadiz Knutsen was anticipated to achieve U.S. power firm Constellation Power Corp’s Everett LNG import terminal in Massachusetts on Wednesday.
That might be solely the second time an LNG vessel visited Everett since August, in line with Refinitiv information.
That is as a result of New England gasoline patrons are competing with European utilities prepared to pay round $33 per million British thermal models (mmBtu) for gasoline in contrast with simply $5 in the US.
The Massachusetts port has imported simply 18.1 billion cubic ft (bcf) of gasoline as LNG throughout the first 11 months of this yr.
That’s down from 19.8 bcf throughout the identical interval in 2021 and a five-year (2017-2021) common of 35.9 bcf, in line with federal power information.
When U.S. power firm Exelon Corp owned the Everett LNG facility, that firm mentioned it used the terminal to import gas for its Mystic energy plant. Exelon additionally mentioned it offered some LNG to utilities all through New England to assist them meet their peak demand wants.
Exelon spun off Constellation earlier this yr.
(Reporting by Scott DiSavino; enhancing by Jonathan Oatis )
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