Success or failure in the open season

The next big test for either of the proposed big gas pipeline projects is the so-called “open season,” expected to be conducted next year.

The battle to define the natural gas open season as a success or failure in the public mind has already started, along with the political season.

“Open season” is the term that refers to the period in which companies that control natural gas have the option of making commitments to ship that gas on a proposed pipeline. Those commitments, worth tens of billions of dollars, can be used as the basis for getting companies to loan money to finance a project.

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