Entrants

As the race to move Rocky Mountain natural gas from the Rockies Express Pipeline’s (REX) terminus in Ohio to the Northeast continues to add new entrants, competitors will have to deal with a quickly moving forward pipe proposal from REX itself. Last week, prior to REX announcing that it had completed a successful nonbinding open season for its Northeast Express Project, El Paso Corp.’s Tennessee Gas Pipeline and Equitable Resources Inc. threw their hats into the ring with plans to jointly build a pipeline project from the terminus of REX to serve Northeast gas markets.

As the race to move Rocky Mountain natural gas from the Rockies Express Pipeline’s (REX) terminus in Ohio to the Northeast continues to add new entrants, competitors will have to deal with a quickly moving forward pipe proposal from REX itself. The pipeline said Wednesday it has completed a successful nonbinding open season for the Northeast Express Project, a 375-mile extension of REX that would extend the pipeline’s route from Clarington, OH, and add capacity to receive volumes from Lebanon, OH, to the endpoint in Princeton, NJ.

While deal activity in the capacity release markets appears tobe leveling off, the market is still dynamic enough to accommodatenew market entrants, according to energy industry consulting firmSkipping Stone Inc.