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The spot price for physical natural gas traded at the Eastern Gas South trading hub near Pittsburgh (formerly called Dominion South) has taken quite a hit over the past few weeks, as evidenced by the chart at the left. However, the Eastern Gas South price most likely would have fallen even more were it not for a new pipeline expansion project for the mighty Transco system--the Leidy South project which began partial service in November with 225 MMcf/d of extra gas flows. The rest of Leidy South, a full 582 MMcf/d capacity, is set to be online sometime this month.
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