in New England, from Jude Clemente, Forbes:
“Currently, gas demand in New England averages 2.5-3.0 Bcf/day, and demand peaks in the winter, however, reaching around 4 Bcf/day. Gas pipeline capacity into the region is around 3.5 bcfd, with the rest available from Everett LNG imports. Rising gas demand though hasn’t meant rising pipeline capacity.”
“In recent years, Quarter 1 gas prices in New England have been $8-18/Mcf above Henry Hub, and even $5-7/Mcf above those in the Mid-Atlantic, where pipeline shortages also constrain supply. From 2010-2015, the price of gas to produce electricity in Massachusetts in January averaged $10.30/Mcf, but for July it was just $4.37. During the “Polar Vortex 2014,” gas prices for power hit a staggering $22/Mcf in Massachusetts.”
And, the bottom line:
“New England’s much higher prices hurt families and businesses and are wrecking havoc on New England’s poor and the elderly. Manufacturers are shutting down or cutting operations due to higher energy prices. Excluding isolated Hawaii, New England holds the top four states with the highest energy prices (here), and none of the six states rank above 28th in “best states for business” (here).”
Read the whole thing:
http://www.forbes.com/sites/judeclemente/2016/06/26/new-englands-known-need-for-more-natural-gas-pipelines/#1510bd137d6f
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