With over 15,000 workers on a $4.2 billion project, another state-of-the-art pipeline is nearing completion. Experts are predicting this enhanced capacity will set the stage for new gas projects which will pump up the region’s energy economy.
Sometimes dubbed the Saudi Arabia of natural gas, the Marcellus is thought to hold a century’s worth of reserves. But after an initial boost of investment and optimism by drilling companies, activity started to stall, mostly because there weren’t enough pipelines to deliver the gas to large markets. Companies kept drilling wells but left many of them uncompleted, waiting for the day when pipelines would be finished.
Read More – Bloomberg
