Thu Jan 17, 2008 9:47pm GMT
CALGARY, Alberta, Jan 17 (Reuters) – Completing the Broadwater LNG terminal in Long Island Sound will help smooth out natural gas price spikes in New York City, one of the project’s backers said on Thursday.
Hal Kvisle, chief executive of TransCanada Corp (TRP.TO: Quote, Profile, Research), said the regasification facility will bring badly needed natural gas to Manhattan and Long Island, relieving a supply bottleneck that pushed prices above $21 per million British thermal units during a cold snap last month.