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The two medium-term contracts with Spanish companies Gas Natural (GN) and Gas de Euskadi that have provided the bulk of the Trinidadian supply to GDF Suez's Everett terminal are due to expire next spring, potentially triggering the end of one of only two steady LNG flows into the US. The other is BG's supply into Elba Island, Georgia, also from Trinidad.
However, Energy Intelligence was told that should these deals not be renewed, Everett could benefit from the broader supply portfolio resulting from earlier owner Suez's merger with French utility GDF.
The two medium-term contracts are for a total of more than 100 billion cubic feet per year, or...