Industry Consultant: LNG Will Help Plug Natural Gas Supply Gap for Northeast Market During Sable Island Outage
Posted on Aug 4, 2009 in Canada & Mexico, Markets and Competition, Regas Terminals & Capacity | Comments Off on Industry Consultant: LNG Will Help Plug Natural Gas Supply Gap for Northeast Market During Sable Island Outage
Energy industry consultant Tom Woods told Platts LNG Daily [subscription required] that he expects LNG imports, particularly from the Canaport LNG import terminal, will help plug the natural gas supply gap in the U.S. Northeast during the planned outage of the Sable Island gas field beginning later this month. Woods believes that existing storage inventories will make up some of the supply shortfall and that additional LNG cargos could supply the rest of the region’s natural gas requirements.