Williams Cos and Boardwalk Pipeline (BWP) joint venture Bluegrass Pipeline announces extension of open season until January 17: Bluegrass Pipeline LLC, a joint venture between Williams (WMB) and Boardwalk Pipeline Partners, LP (BWP) (Boardwalk), today announced that it is extending its binding Open Season until Jan. 17, 2014 at 5 p.m. CST. The extension is in response to requests of interested shippers who would like additional time to evaluate the pipeline project and the project's market outlet options. The open season is being held to secure industry commitments to the Bluegrass project which would provide timely natural gas liquids (NGLs) transportation capacity from the Marcellus and Utica shale plays to the petrochemical and export complex on the U.S. Gulf Coast. The Open Season began on Oct. 29, 2013 at 8 a.m. CDT and will conclude on Jan. 17, 2014 at 5 p.m. CST.
[Note: from an earlier post:
August 25, 2013: Wall Street Cheat Sheet provides background to three pipelines that are as "environmentally dangerous" as the Keystone XL according to activist environmentalists (some of them noted below): a) the Bluegrass Pipeline; b) the TransCanada's Energy East Pipeline (entirely within Canada, skirting Maine); and, c) Enbridge's Eastern Gulf Crude Oil Access Pipeline.
- Bluegrass Pipeline: across Kentucky; 500 miles; natural gas; from western border of Pennsylvania to Arkansas, where it will connect with existing line to the Gulf
- Energy East Pipeline: most expensive TransCanada project ever; $12 billion; converting 1800 miles to natural gas pipeline to handle crude oil
- Eastern Gulf Crude Oil Access Pipeline: 770 miles, crude oil, Illinois (Patoka/Johnsonville) to Louisiana
Also, from March 6, 2013:
The proposed "Bluegrass Pipeline" design would provide producers with 200,000 barrels per day of mixed NGLs take-away capacity in Ohio, West Virginia and Pennsylvania.The proposed pipeline could be increased to 400,000 barrels per day to meet market demand, primarily by adding additional liquids pumping capacity. It would deliver mixed NGLs from these producing areas to proposed new fractionation and storage facilities, which would have connectivity to petrochemical facilities and product pipelines along the coasts of Louisiana and Texas.
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Several story lines here, none of which I have time to go into: Arch Coal announces it has begun operating its longwall mining system: Co announced that Tygart Valley's Leer mine in northern West Virginia has begun operating its longwall mining system, representing a major milestone in the development of the overall mining complex. The Leer mine is expected to ramp up production during the first quarter of 2014, and to produce more than 3 million tons of coal on an annualized basis thereafter. The majority of the output will be sold into domestic and international metallurgical coal markets for use in the production of steel.
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