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TransCanada Chief Says Broadwater LNG Will Reduce Gas Price Volatility in New York

Following a conference in Calgary, TransCanada CEO Hal Kvisle told Reuters that the proposed Broadwater LNG regasification terminal will help smooth the natural gas price spikes that can be caused by lack of supply during cold snaps. Kvisle noted that “[
January 17, 2008

Following a conference in Calgary, TransCanada CEO Hal Kvisle told Reuters that the proposed Broadwater LNG regasification terminal will help smooth the natural gas price spikes that can be caused by lack of supply during cold snaps. Kvisle noted that “[w]e’ve had $25 to $30 premiums in the New York market versus Henry Hub prices. That illustrates the incredible bottleneck there … and the situation is getting worse.”

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