The Northeast U.S. natural gas market, including New Jersey, New York, Pennsylvania and New England, has an annual average gas demand of 8 billion cubic feet a day. The BlueOcean Energy liquefied natural gas (LNG) terminal will link to global natural gas supplies and has the capacity to deliver about 40 percent of New Jersey's and downstate New York's current annual average natural gas demand.
The current peak day natural gas demand in New Jersey and downstate New York is about 6 billion cubic feet a day. BlueOcean Energy will have the capacity to deliver about 20 percent of this peak day natural gas demand.
• "Bringing more LNG into our supply mix reduces our reliance on any one region for supplies. This provides for a diversity of gas resources that minimizes potential dependence on a single region and helps avoid or minimize price spikes." (Center for LNG)
• "Expansion of LNG import capacity does have fuel diversity benefits, even though LNG is simply natural gas in liquid form. LNG sources are different from traditional pipeline sources from eastern and western Canada and the U.S. Gulf Coast, thus introducing more options for supply." (New England Governors' Conference)
