Williams has enough natural gas pipeline projects in the queue to keep it profitable and busy in the long term, both in North America’s onshore and in the Gulf of Mexico, but it’s not willing to gamble on a liquids takeaway solution for Appalachia until shippers step up, CEO Alan Armstrong said Thursday.
Articles from Bluegrass
A bill that would amend current law and remove eminent domain authority for natural gas liquids (NGL) pipeline projects will be debated by the Kentucky House following an overwhelming committee vote on Wednesday.
Preliminary legislation that would take away eminent domain power from natural gas liquids (NGL) pipeline projects was approved Wednesday by a Kentucky House committee and is headed for debate on the floor.
Boardwalk Pipeline Partners LP on Monday slashed its quarterly distribution by 81% in order to reduce debt and fund projects following a fourth quarter that saw net income fall 78% from a year ago. Net income for 2013 was down 17% from the prior year.
Williams executives believe the Bluegrass Pipeline, which would deliver natural gas liquids (NGL) from the Marcellus and Utica shales to Gulf Coast markets, to be a key to unlocking all of the value of the Appalachian Basin’s reserves, but exploration and production (E&P) companies still need to provide some details about their drilling plans for assurance beyond 2015, CEO Alan Armstrong said Thursday.
Shale-driven natural gas liquids (NGL) supplies are pushing midstream companies to pursue additional capacity to export propane and/or butane from the Gulf Coast. Two new projects would offer combined loading capacity of 36,000 bbl per hour for export.
The proposed Bluegrass Pipeline lacks the authority to impose eminent domain through Kentucky to build a natural gas liquids (NGL) pipeline, the state’s top environmental regulator said last week.
Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC (MarkWest Utica) are putting up a $2 billion y-grade natural gas liquids (NGL) processing and transportation combo project that competes with the Bluegrass Pipeline, which has been proposed by Boardwalk Pipeline Partners LP and Williams.
Williams on Thursday said it has restricted some natural gas pipeline services on its mainstay Transcontinental Gas Pipe Line LLC (aka Transco) because of capacity constraints in the Pennsylvania portion of the Marcellus Shale.