• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 1 hour How Is Greenland Dealing With Climate Change?
  • 3 hours China Car Sales Plummet: Can Musk Unshovel His Groundbreaking?
  • 14 hours "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 7 hours How Much Oil Does Aramco Have?
  • 2 hours Socialists want to exorcise the O&G demon by 2030
  • 2 hours BofA Sees Oil at $35-70
  • 5 hours Venezuela continues to sink in misery
  • 1 day Solid-State Batteries
  • 13 hours Spy&State: Huawei Founder Says Firm Does Not Spy For China
  • 13 hours Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End.
  • 1 day protests in Canada over pipeline
  • 18 hours China's Exports Shrink Most In Two Years, Raising Risks To Global Economy
  • 1 day WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 20 hours Bolsonaro Wins in Brazil

The U.S. Gas Pipeline Network Undergoing Major Overhaul

Natural gas production in June 2014 for the Marcellus Shale reached 15 billion cubic feet per day which has led to abundant supplies keeping a lid on prices. Even more stunning is the fact that production could rise to 24 bcf/day by 2020. Without a massive build out of pipeline capacity, the enormous volumes of natural gas will struggle to reach consumers. This is not lost on major pipeline companies, which are already undertaking major capacity expansions.

In early December, the Federal Energy Regulatory Commission (FERC) gave the go-ahead for the construction of the Constitution Pipeline, which will be built to connect natural gas from the Marcellus Shale to northeastern states like New York and Massachusetts. The pipeline will run from northeastern Pennsylvania near Scranton to an interconnection near Schenactady in New York. The pipeline may begin construction at the beginning of 2015 and could provide additional natural gas supplies to 3 million homes in New England as soon as the winter of 2015 or 2016.

The 124-mile Constitution will link up with two major natural gas interconnections. The Iroquois is a major pipeline that runs from Canada through upstate New York, terminating in the Bronx in New York City. The Constitution will also connect to the Algonquin Transmission Line, a pipeline owned by Spectra Energy (NYSE: SE), which runs through Connecticut and services much of Massachusetts, including Boston.

The Constitution will allow Marcellus…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News