LNG

Feb 28 (LNGJ) - A US Federal Energy Regulatory Commission inquiry has revealed no evidence of anti-competitive withholding of natural gas pipeline capacity on the Algonquin Gas Transmission pipeline by New England shippers. The Commission said it would take no further action on the matter. “The inquiry arose out of allegations made by the Environmental Defense Fund in an August 2017 white paper, which asserted that local gas distribution companies in New England had engaged in practices to withhold pipeline capacity on the Algonquin system to drive up gas and/or power prices in the region,” FERC explained. “Commission staff took these allegations very seriously and conducted an extensive review of both publicly available and non-public data. On the basis of that review, staff determined that the study was flawed and led to incorrect conclusions,” it added.