U.S. Gas Gains on Potential Marcellus Shale Pipeline Delay
- Regulators limit construction drilling for Rover pipeline
- Project would deliver gas from Marcellus, Utica shale plays
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U.S. natural gas futures surged after federal regulators limited construction on a pipeline, a move that may delay new Appalachian supplies from reaching the market.
Energy Transfer Partners LP is barred from new drilling along some segments of its $4.2 billion Rover pipeline, the Federal Energy Regulatory Commission said in an order posted Wednesday. The move follows a request by Ohio regulators to review spills of drilling fluid and other environmental violations related to construction of the line. Ohio has fined Energy Transfer $431,000 for those violations.