Developers Delay, Cancel Gas Projects in U.S. Northeast
Attachment: Marcellus Natural Gas Production
SUGAR LAND--April 8, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Natural gas pipeline projects are stalling or dying in the Mid-Atlantic, Northeast and New England regions because of market forces, developers' inability to secure financing, or local opposition to the projects. Given the region's heavy dependence on natural gas for generation, industry observers wonder about the long-term impact on electricity prices if pipeline projects continue to be delayed or cancelled.
Within this article: Details on the uncertain future of many natural gas pipeline projects in the Northeast, including projects from Cabot Oil & Gas Corporation (NYSE:COG), Spectra Energy Corporation (NYSE:SE), Crestwood Midstream Partners, LP (NYSE:CMLP) and Kinder Morgan Incorporated (NYSE:KMI).
