Weather-related demand from hot temperatures over the past few days has led imports of natural gas from Canada to jump in the Northeast United States. On Wednesday, imports into the Northeast rose to their highest level since March, according to data from BENTEK Energy LLC (Bentek). Overall tightness in supply from high demand in the Northeast, which also faces pipeline infrastructure constraints, has led prices in New England to rise to above $8 per million British thermal units (MMBtu).
Although rising domestic production has made LNG and pipeline imports from Canada a smaller piece of the domestic supply picture, imports still play an important role, particularly in meeting incremental demand during times of extreme heat or cold. The jump in prices has also likely helped to attract Canadian pipeline gas to the Northeast. According to Bentek, LNG sendout from the Everett Terminal, located close to Boston, has fallen to zero in recent weeks, leaving Canadian gas as one of the few sources of incremental supply.