Europe is vulnerable and needs our natural gas; prices are absurdly high 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 current administration is saying it will shut you down in 10 years?
Natural gas is actually imported, at great cost, to Boston.
Plenty of cheap natural gas is available in West Virginia and Pennsylvania, a few hundred miles away; and pipelines to supply New England are mostly built, but have been shut down by environmental lawsuits and regulatory hurdles.
Because of the regional dearth of natural gas pipelines, and its high price, many in New England are.
As a result, people in New England pay sky-high prices for natural gas and electricity.
The $6.2 billion Mountain Valley Pipeline that was to transport natural gas to Virginia from West Virginia was 90 percent constructed and would have helped reduce Russian imports.
The PennEast natural gas pipeline from Pennsylvania to New Jersey was also.
https://amgreatness.com/2022/05/29/why-does-boston-buy-natural-gas-from-russia/
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