Energy Transfer Partners Announces That Rover Pipeline is Fully Subscribed to 3.25 Billion Cubic Feet of Natural Gas Per Day

abarrelfullabarrelfull wrote on 31 Oct 2014 08:04
Tags: canada energy-transfer n-america pipeline usa

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Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has secured additional long-term binding shipper agreements on its Rover natural gas pipeline project to connect Marcellus and Utica shale supplies to markets in the Midwest, Great Lakes and Gulf Coast regions of the United States and Canada. As a result of the additional agreements, the pipeline is fully subscribed through 15 and 20 year fee-based contracts to transport 3.25 billion cubic feet per day (Bcf/d) of capacity.

The approximately 800-mile natural gas pipeline, estimated to cost $3.8 to $4.4 billion, will deliver natural gas from processing plants and interconnections in Northwest West Virginia, Western Pennsylvania and Eastern Ohio to the Midwest Hub near Defiance, Ohio as well as to multiple delivery points in Michigan and to the Union Gas Hub near Sarnia, Ontario. Rover also will interconnect with ETP’s Panhandle Eastern Pipe Line (PEPL), allowing shippers to deliver gas to Gulf Coast markets through ETP’s Trunkline system.

Transportation from the supply regions to the Midwest Hub near Defiance is expected to begin by December 2016 to serve the Gulf Coast and Midwest markets. The remaining service to other markets including Michigan will be in service by mid-2017.

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