- Williams and partners
- the pipeline that has caused all the controversy
- eight-year controversy
- NYDEC denied the project a water quality permit in 2016
- was to be a new 30-inch, 125-mile pipeline; 650,000 dekatherms of natural gas / day
- natural gas source: the Marcellus
- terminus: "New York"
- some sources suggest one decatherm = 0.172414 boe, if so, this pipeline about 112,000 boepd
- enough is enough: it cost Williams almost $400 million in full-year 2019 earnings
- current infrastructure projects:
- Regional Energy Access
- Leidy South
- Northeast Supply Enhancement
- my only comment: why did it take Williams so long?
- my hunch: this will put pressure on fossil fuel companies to make final investment decisions more quickly (to cut projects if consumers don't want those projects); see link below;
The nearly $1 billion pipeline project was designed to take natural gas from Pennsylvania’s shale gas fields to New York and New England.
It was initially proposed in 2013 at a projected cost of under $700 million. However, delays and legal challenges drove the costs up by nearly 40 percent. The statement to halt investment in the proposed Constitution Pipeline was released by the project’s four partners, The Williams Companies, Cabot Oil and Gas, Alta Gas, and Duke Energy.Governor Cuomo to New Yorkers: let them eat cake. New York is closed to business. Now that Amazon won't be moving to Long Island, the area probably doesn't need all that cheap natural gas anyway.
Most likely to have ripple effects. Link here. As I opined above.
Costs, back-of-the envelope:
- original estimate: $700 million / 125 miles = $5.6 million / mile
- new estimates: $980 million / 125 miles = $7.8 million / mile
- wow, lots of jobs lost
- some regions, pro-business, cheap energy
- some regions, anti-business, expensive energy
Meanwhile, Back To Cuba