Distrigas of Massachusetts LLC, through its affiliate GDF SUEZ Gas NA, LLC, has entered into a series of contracts to sell approximately 9.5 billion cubic feet (Bcf) of liquefied natural gas (LNG), roughly the equivalent of three shiploads, to New England gas utilities to help meet those utilities’ peak demand for natural gas in the 2015/2016 winter and beyond.

The LNG will be delivered over the summer and stored by those utilities until required this winter.

Distrigas said that, in addition, the company has offered, and continues to offer, contracts for the long-term supply of LNG to all of its utility customers. Volumes sold in 2015 and supplies offered on a long-term basis are based on U.S. natural gas prices.

Distrigas said that, in a significant long-term supply arrangement, Distrigas has concluded an agreement to supply a large New England natural gas utility with 6 Bcf of LNG this year and at least 3 Bcf of LNG per year from 2016 – 2024.

For both the short- and long-term contracts, the LNG will be trucked from the Distrigas Everett Marine Terminal just north of Boston to the utilities’ LNG facilities across New England. Deliveries began in April.

Distrigas of Massachusetts LLC and GDF SUEZ Gas NA LLC are part of GDF SUEZ Energy North America, Inc.

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GDF SUEZ   Natural Gas  

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