Bloomberg: A glut of cheap natural gas trapped in the U.S. Northeast will be heading south by the end of the year, radically changing the price differences between the regions. Pipeline expansions by Williams Cos., Kinder Morgan Inc. and Spectra Energy Corp. will carry shale gas from the Marcellus reservoir to southern states as early as the fourth quarter. That’ll narrow the premium for gas in the Southeast to as little as 30 cents per million British thermal units from more than a dollar versus the Northeast, Genscape Inc. and Tudor Pickering Holt & Co. said July 20.
New pipelines are closing the divide between the winners and losers of America’s shale revolution as long-awaited supplies from tight-rock formations move to southern states and other regions. Without a Marcellus of its own, the Southeast, including Florida, where demand is booming, has missed out on the cheap fuel that has come with increased output. READ FULL STORY