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New England ‘importing European prices’ in looming gas supply crunch

Approach of winter brings energy security warnings for US region dependent on global LNG market

A European-style winter energy crunch is looming over New England in the north-east US, even as American natural gas producers export record volumes and a wave of fuel heads across the Atlantic.

Utility bosses in the region have called for emergency assistance from Washington to pre-empt a crisis, while lashing out at a century-old law that has cut New England off from some of America’s prolific shale output and left it more dependent on expensive imports.

On Friday, a vessel laden with liquefied natural gas will land in Massachusetts — but the federal law preventing foreign vessels sailing between US ports means the gas will come from Trinidad, not the US export plants along the Gulf of Mexico that are shipping record amounts of fuel abroad.

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