Market may scuttle Searsport LNG terminal

Posted Wednesday, November 28, 2012 in News

Market may scuttle Searsport LNG terminal

SEARSPORT -- Market forces may do what protesters and surrounding communities were unable to do ... scuttle the planned 22-million-gallon liquid natural gas terminal at Mack Point.

The Searsport Planning Board is holding four days of public hearings to determine whether the $40 million project meets all local land use codes.  But even if they determine it does, the whole Northeast has a glut of natural gas via a series of pipelines, as well as propane, and the terminal may be unnecessary since little natural gas will be imported from the middle east and .  The abundance is causing prices to drop, encouraging Mainers to switch from more expensive heating oil to natural gas for heat and hot water ... at least for now.

Some, including Steve Hinchman, attorney for one of the community groupss that oppose the terminal, worry that the terminal, once permitted, could become instead an export terminal, which could have more traffic in and out, and thus be a greater safety issue, than the import terminal would have been.  Propane, generally carried into Maine by refrigerated rail cars from Canada, is expected to be in abundance through at least 2014.

 

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