EQNR - Euro energy crisis encroaches on Northeast - Boston city-gate gas prices spike

Boston Harbor is home to the Nation's longest-operating LNG import facility, and as the corridor has been unable to expand pipeline capacity fast enough to keep up with natural gas demand growth, Massachusetts and neighboring States have imported liquified natural gas from aboard; in 2020 Boston's Everett Terminal accounted for 60% of the Nation's LNG imports. With natural gas prices in Europe shattering records, and leading European utilities to pull in every last LNG cargo on the water, LNG prices have risen alongside European gas prices; this has had a knock-on effect, causing prices for January 2022 gas delivery on the Algonquin system (encompassing Massachusetts, Rhode Island and Connecticut) to rise almost 600% from January 2021 levels.  The above compares LNG prices to city-gate prices over a relatively short period, the EIA's longer time series puts today's ~$30 price into perspective; note that one mmbtu equates to ~1.04 mcf, and the

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Euro energy crisis encroaches on Northeast - Boston city-gate gas prices spike