Tuesday, June 21, 2022

Why Does Boston Buy Natural Gas from Russia? - CO2 Coalition

Why Does Boston Buy Natural Gas from Russia? - CO2 Coalition
"Europe is vulnerable and needs our natural gas; prices are absurd and going higher. 
Yet, everyone in the oil and gas industry is afraid to invest any money, even if they have financing available. 
Who wants to start a 10- to 20-year natural gas project, whether it’s a gas field, pipeline, or LNG (liquified natural gas) terminal, when the administration is saying they will shut you down in 10 years?
“You’ve got six years, eight years, no more than 10 years or so, says Climate Envoy John Kerry
“No one should make it easy for the [natural] gas interests to be building out 30- or 40-year infrastructure.”
...Yet, natural gas is imported to Boston’s LNG facility from Russia, Canada, and the Caribbean at great cost due to the lack of pipeline capacity..."

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