Constellation Confirms Plans to Close Boston LNG Import Terminal - Marcellus Drilling News
Constellation Confirms Plans to Close Boston LNG Import Terminal | Marcellus Drilling News
This past May, MDN told you about a coming real-life nightmare that the Everett LNG import terminal, which accepts and regasifies foreign-sourced natural gas, may shut down following the closure of New England’s biggest natural gas-fired power plant, the Mystic Generating Station in Everett, MA (see Nightmare in Boston – Everett LNG Import Terminal May Close 2024). The potential shuttering of the Everett LNG plant was the main topic of discussion a month later (in June) at the Federal Energy Regulatory Commission’s second New England Winter Gas-Electric Forum in Portland, Maine (see Potential Shutdown of Boston LNG Terminal Discussed at FERC Forum). Then, in November, both FERC and NERC (North American Electric Reliability Corporation) issued a joint statement about Everett LNG shutting down, warning of dire consequences for New England’s energy reliability and affordability if a shutdown happens (see FERC, NERC Warn of Dire Consequences if Boston LNG Terminal Closes). Until now, Everett shutting down has been a theoretical possibility. It’s no longer a possibility but a certainty…
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.