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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

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LCG Publishes 2024 Annual Outlook for Texas Electricity Market (ERCOT)

LCG, October 10, 2023 – LCG Consulting (LCG) has released its annual outlook of the ERCOT wholesale electricity market for 2024, based on the most likely weather, market, transmission, and generator conditions.

Read more

Industry News

Massachusetts Governor Approves Neptune LNG Project

LCG, December 20, 2006--SUEZ Energy North America's subsidiary Neptune LNG LLC announced yesterday that the Governor of Massachusetts approved its proposed offshore liquefied natural gas (LNG) receipt terminal in Massachusetts Bay. The U.S. Coast Guard and the Maritime Administration are now poised to complete the processing of the Neptune deepwater port application. Given timely processing, Neptune LNG expects to be able to receive LNG shipments in 2009.

The Neptune offshore LNG receiving terminal project was announced in February 2005. The project would enable incremental, new supplies of natural gas to serve increasing demands in North America. Moreover, the gas would be delivered to growing Northeastern markets without utilizing limited capacity on existing pipelines that generally transport gas from production fields in and around the Gulf to markets in the Northeast.

The project design incorporates an offshore delivery where LNG tanker ships would moor. The specially designed ships would vaporize the LNG into natural gas that would be delivered into the existing HubLine sub-sea pipeline for delivery to customers in New England. The deepwater port is located approximately ten miles south of the city of Gloucester and 22 miles northeast of Boston. The nominal capacity of the proposed facility is 400 to 750 MMcf/day. The total estimated cost for the project, including LNG ships, is about $1 billion.

According the company, benefits of the offshore location include that it does not require any coastal land, has limited aesthetic impacts, and avoids both the Stellwagen Bank National Marine Sanctuary and essential shipping lanes into Boston Harbor.

SUEZ Energy North America's wholly owned subsidiary, Distrigas of Massachusetts LLC, owns and operates an existing LNG receiving terminal in Everett, Massachusetts, which began service in 1971.







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