(Source: Datamonitor)
The Williams Companies and Dominion Resources have announced their intention to form a joint venture to market and develop a new pipeline to transport up to one billion cubic feet per day of natural gas produced in the Rockies and Appalachian basins to growing markets in the Eastern and Mid-Atlantic regions.
The proposal, to be known as the Keystone Connector, would extend from the terminus of the Rockies Express pipeline in eastern Ohio to Williams's Transco Station 195 in southeastern Pennsylvania. Williams and Dominion will be working with potential shippers to determine the level of interest in the proposal.
During the past two years, Williams, through its Rockies Connector project, and Dominion, through its Keystone project, have worked independently on pipeline proposals designed to link Rockies and growing Marcellus shale gas supplies with markets in the Northeast.
The new jointly developed Keystone proposal combines that experience, leveraging the sponsors' strategic assets in the region to create a logical gateway connecting emerging supplies with growing markets. Under the proposal, the project sponsors would aim to place the 240-mile pipeline into service by 2013.
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