Price Explosion of Nat Gas in New England

The heating fuel may surge to $20 to $25 per million British thermal units in New England this winter, the highest in the world, as pipeline bottlenecks limit supplies during frigid weather, traders including Consolidated Edison Inc.’s ConEdison Energy said.

Low cost natural gas is in demand and has been replacing coal and nuclear power in electricity markets in New England, which is now over 50 percent dependent on natural gas.

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