Downeast LNG Optimistic on Need for LNG Import Terminal

Downeast LNG filed responses to a FERC data request stating, among other things, that although gas production from the Marcellus shale has increased since Downeast LNG filed its application for an LNG import terminal on Passamaquoddy Bay, Washington County, Maine, there is insufficient pipeline capacity to move Marcellus gas into New England markets to prevent significant gas and power price rises during winter months, and imports of LNG will be an important supply source for the region to put a check on such price rises.  Downeast LNG also stated that currently it has no terminal capacity agreements in place and that it plans to enter into such discussions after FERC has issued its final environmental impact statement for the project.  Downeast’s responses can be found here, and the complete docket for the Downeast LNG import terminal can be found on eLibrary under Docket No. CP07-52.

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