UGI Provides Update on PennEast & Other New PA Pipeline Projects
During the AmeriGas Partners quarterly analyst conference call yesterday, Pennsylvania utility giant UGI Corporation CEO John Walsh gave an update on several projects of interest for those in the PA Marcellus Shale. Oh! We should point out AmeriGas is the country’s largest propane company and a subsidiary of PA-based UGI, which is why Walsh was on the call. And what did he say? Walsh provided an update on UGI’s $60 million project to build a new LNG production plant in Wyoming County, PA (see UGI Building LNG Plant in NEPA, Local Marcellus Gas to Feed It). He also spoke in glowing terms about the PennEast Pipeline and how he sees that project unfolding (it should be operational by late 2017). Walsh also updated analysts on several pending pipeline projects that will feed electric plants being built in the Marcellus. Here’s what he said yesterday…
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Another anti-pipeline screed from PBS reporter Susan Phillips at the taxpayer-funded StateImpact Pennsylvania website. This is another propaganda piece in a series meant to smear the superb safety record of pipelines, which happen to be the safest form of transportation on earth (see
Something really big is about to happen in the Marcellus/Utica region. Starting August 1, the Rockies Express Pipeline (REX), originally built from Colorado and Wyoming to Monroe County, OH to bring natural gas from west to east, will reverse the flow for a large and important section of the pipeline. On August 1, the section of REX from Monroe County, OH to Mexico, MO will reverse the flow and carry 1.8 billion cubic feet per day (Bcf/d) of Utica and Marcellus Shale gas to the Midwest, including to the greater Chicago area. This flow reversal has the power to a) increase prices northeast drillers receive for their natural gas, and b) lower the cost of natural gas for consumers (and industrial companies, and electric generating plants, etc.) in places like Chicago. It is a win/win scenario. It is so important, and will have such a profound affect on natgas prices in the Midwest, that our friends at NGI’s Daily Gas Price Index have created a “REX Tracker”–a free daily chart updating the price of natural gas along the REX’s Zone 3 section…