Monday, August 9, 2010

Marcellus Shale Natural Gas Pipelines: Dominion Resources

By Andrea:

Dominion Resources, Inc. (D) recently released an update concerning the Marcellus Shale Natural Gas Pipelines:

Dominion Resources (D) announced that its natural gas transmission and storage subsidiary, Dominion Transmission, has reached a 10-year lease agreement with Tennessee Gas Pipeline Company for firm capacity to move Marcellus shale natural gas supplies.

The Ellisburg-to-Craigs project, with capacity of 150,000 dekatherms per day, will move natural gas from Tennessee's 300 Line pipeline system in northern Pennsylvania to its 200 Line pipeline system in upstate New York.

"Dominion Transmission's hub-and-spoke network crisscrossing the Marcellus shale producing area provides many opportunities to help transport new natural gas supplies to market," said Thomas F. Farrell II, chairman, president and chief executive officer of Dominion. "This agreement with Tennessee for new capacity is an excellent example."

Dominion plans to file for a FERC certificate in December. Once the project is approved, construction will commence in March 2012, with a planned in-service date of November 1, 2012. Construction plans include additional compression facilities and a new measurement and regulating station at the Craigs interconnect with Tennessee in New York. Dominion will also add regulating facilities on its system in northern Pennsylvania.

Dominion Transmission provides gathering, processing, transportation and storage services in the Appalachian basin, including the heart of the Marcellus shale production area.

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