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Wednesday, September 5, 2012

Three Midstream Companies Teaming Up for Another Utica Pipeline Project

From the Houston Chronicle:
Three big energy midstream players are teaming up to get a head start on what they believe will be growing demand for natural gas transportation as the Utica shale develops in the Northeast.
Spectra Energy Corp., Enbridge and DTE Energy Corp. have completed a memo of understanding to develop the Nexus Gas Transmission system to move natural gas from the Ohio Utica shale to markets in the Midwest and Canada, Houston-based Spectra said Tuesday.
The system would include new pipeline through northeastern Ohio and parts of Michigan at a cost of $1.2 billion to $1.5 billion, said Brian McKerlie, vice president of business development for Spectra.
"The Nexus project is a great supply-meets-demand story for this region," McKerlie said.
Read the rest of the article here.

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