Wednesday, August 13, 2014
Columbia Pipeline Group said on Tuesday it will spend $1.75 billion to build a pipeline and improve an existing line to move more natural gas from the growing Marcellus and Utica shale fields to Midwest and Gulf Coast markets.
The projects, set to come online in 2017, aim to address what many consider the biggest problem confronting the fastest-growing gas-producing regions in the country: moving the fuel to markets that need it.
“We're going to see a massive amount of pipeline development in the U.S.,” said Kent Moors, executive chair of the World Affairs Council of Pittsburgh's global energy symposium.
Pipes must be built to get gas and its by-products to ethane crackers being built in the gulf and terminals that will export liquefied natural gas to Europe and Asia, he said.
Gas production in the country increased by half a billion cubic feet a day in July, according to analyst Bentek Energy. The Energy Information Administration this week said the Utica shale and the Marcellus formation above it are the fastest-growing shale plays in the United States.
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