Shepstone Management Company, Inc.
Andrew Cuomo, Gov. Corruptocrat, and dumb as a rock Massachusetts politicians have succeeded in bringing Russian LNG to the US through their pipeline delays.
Andrew Cuomo, not so affectionately known here as Governor Corruptocrat, has stopped three separate pipeline projects intended to bring natural gas top New York and New England. Bay State politicians of no spine have likewise caved to extreme environmentalists and fractivists in killing their own projects. There results of this corruption and incompetence are the highest natural gas prices in the world during the cold snap and the delivery of high-cost, high-carbon Russian LNG to the country that brought us the shale revolution. That revolution could have delivered low-cost, low-carbon shale gas to New York and New England but the blindness, obstinance and virtue signaling of their dreadful politicians.
Here’s the stunning news akin to delivering coal to Newcastle and ice to the Eskimos:
Not many people had expected the U.S. to turn to Europe for natural gas this winter.
Yet the polar chill that gripped the U.S. East Coast this month, and sent spot prices to records, has led to a tanker loading a cargo of liquefied natural gas in the U.K. for Boston, some of which was likely produced by a U.S.-sanctioned project in Siberia.
The Gaselys tanker is due to arrive in Boston on Jan. 22 after loading fuel from storage tanks at the U.K.’s Isle of Grain, according to ship-tracking data compiled by Bloomberg. The vessel docked at Grain shortly after the terminal near London received the first cargo from Russia’s $27 billion Yamal LNG plant.
“Gas from anywhere is profitable into that northeastern U.S. gas market as prices are the highest in the world,” said Trevor Sikorski, head of natural gas, coal and carbon at Energy Aspects Ltd. in London.
The arrival from the U.K. would make it the first LNG reload into the U.S. since a cargo from the tanks of the Huelva terminal in Spain was imported in June 2014, according to data from the U.S. Department of Energy through October. U.S. imports of the super-chilled fuel, mostly into Boston from Trinidad and Tobago, have dropped since exports started from the Gulf of Mexico coast in 2016.
Isle of Grain terminal operator National Grid Plc said it doesn’t comment on the intentions of gas shippers using its facilities. It’s not immediately clear who owns the cargo.
U.S. domestic demand climbed to a record last week as snow and winds bombarded Americans on the East Coast. Yamal LNG, co-owned by Russia’s Novatek PJSC, France’s Total SA and China National Petroleum Corp., has faced financial sanctions from the U.S. since 2014 because of Russia’s involvement in the Ukrainian crisis.
What’s the matter with Massachusetts? We know what’s wrong in New York, of course.