That will eliminate the biggest user of the liquefied natural gas, or LNG, that is imported through the company’s neighboring Everett Marine Terminal. New England residents paid about 43% more for natural gas in the first quarter of 2023 than the U.S. average, according to the Energy Information Administration. Regulators point to a December 2022 incident as an example of why utilities need quick access to reserves of natural gas. “The whole region was paying for it," Landry said, noting that the threat to gas distribution is concentrated in southern New England. Write to Ryan Dezember at ryan.dezember@wsj.com and David Uberti at david.uberti@wsj.comView Full Image America Has Plenty of Natural Gas.

Source: Wall Street Journal January 09, 2024 13:34 UTC