Dominion Resources Inc. has entered into a joint venture with three other US energy companies for a US$ 4.5 - 5 billion pipeline that will ship natural gas to North Carolina and Virginia.
The natural gas pipeline will connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
The 550 mile project, called the Atlantic Coast Pipeline, would begin in Harrison County, West Virginia and stretch through Virginia and North Carolina to Robeson County, near the South Carolina border.
It is designed to tap the rapidly growing supplies of gas produced in two geologic formations, known as the Marcellus and Utica shales, that are now accounting for more than a quarter of the nation’s natural gas. In the past, the Southeast has received nearly all of its gas from more traditional gas-producing states of Louisiana, Texas and Oklahoma.
The pipeline is estimated to cost between US$ 4.5 billion and US$ 5 billion to build. Dominion Resources Inc. would own 45% of the project, Duke Energy Corp. would own 40%, Piedmont Natural Gas Co. would own 10% and AGL Resources Inc. would own 5%.
The pipeline would carry up to 1.5 billion ft3/d of natural gas.
The pipeline requires approval from the Federal Energy Regulatory Commission and state regulatory commissions. The pipeline partners expect to receive approval by mid-2016 and to start operating the pipeline in 2018.
Dominion is determining the best route for the pipeline and will seek to secure approval from the Federal Energy Regulatory Commission by the Summer of 2016. The company said it expects to begin construction shortly thereafter.
Edited from various sources by Elizabeth Corner
Read the article online at: https://www.worldpipelines.com/business-news/03092014/us5-billion-atlantic-coast-pipeline-proposed/