More Than $5 Billion in Planned Oil & Gas Projects in U.S. Northeast, New England in 2017
-Industrial Info is tracking $5.19 billion in planned 2017 project starts in the U.S. Northeast and New England for the Terminals, Pipelines and Oil & Gas Production industries. Leading the Oil & Gas pack for the region is the Pipelines segment, with more than 90 projects valued $3.75 billion that are planned to kick off this year. Most of this activity is occurring in Pennsylvania, where an abundance of shale gas from the Marcellus Shale requires additional takeaway and processing capacity.
Among the chief projects being tracked in the region is Williams Partners' (NYSE:WPZ) (Tulsa, Oklahoma) Atlantic Sunrise natural gas pipeline, which will add 1.7 billion cubic feet (Bcf) of gas per day to Williams' Transco pipeline system. The project will carry natural gas from the Marcellus and Utica shales to tie into pipeline systems to deliver gas as far south as Alabama and to the Cove Point liquefied natural gas (LNG) facility in Lusby, Maryland. The pipeline was one of the last to be approved by the Federal Energy Regulatory Commission (FERC) before commissioner Norman Bay retired, leaving the agency without a quorum to approve new projects. For more information, see February 7, 2017, article - Natural Gas Pipeline Projects Gain Last-Minute Approvals by FERC. For more information, see Industrial Info's project reports on the north and south expansions to the pipeline.
Also planned to kick off later in the year is the PennEast natural gas pipeline in Pennsylvania. The 114-mile pipeline will be able to transport up to 1 Bcf per day of Marcellus Shale gas to customers in Pennsylvania and New Jersey. For more information, see Industrial Info's project report.
In the Production Industry, one of the largest projects being tracked by Industrial Info is Mark West Energy Partners LP's (Denver, Colorado) planned cryogenic natural gas processing plant near Washington, Pennsylvania. The complex will process up to 200 million standard cubic feet per day of natural gas and is planned to kick off this year. For more information, see Industrial Info's project report.
While Terminals projects are generally much smaller in size and cost than Production and Pipeline projects, Industrial Info is tracking more than 50 projects in this sector with a combined total investment value $229 million. Among the top projects is the conversion of a storage cavern from liquefied petroleum gas (LPG) to natural gas in New York. Arlington Storage Company LLC (Watkins Glen, New York) remains in the late planning stages of the project, which will entail conversion of two interconnected bedded salt caverns previously used for LPG storage to hold natural gas. The project will bring the working gas capacity of the facility to 2 Bcf. For more information, see Industrial Info's project report.
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