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Boardwalk Pipeline Partners, LP Message Board

  • lizahuang54321 lizahuang54321 Apr 28, 2014 1:11 PM Flag

    Williams Suspends Investment in Bluegrass NGL Pipeline Due to Insufficient Customer Commitments

    Company Focusing Capital on Other Projects in Its Large, Diverse Portfolio of Growth Opportunities

    Williams (NYSE:WMB) has suspended capital investments in the Bluegrass Pipeline, a proposed natural-gas-liquids project, primarily in response to an insufficient level of firm customer commitments. The company continues to engage in discussions with potential customers regarding the scale and timing of demand for services and the required firm contractual commitments that would support any future capital investments.

    The project, in which Williams is a joint-venture partner, is designed to connect natural gas liquids produced in the Marcellus-Utica areas in the U.S. Northeast with domestic and export markets in the U.S. Gulf Coast. The Bluegrass Pipeline represents a strong long-term solution in the marketplace.

16.43+0.16(+0.98%)May 2 4:02 PMEDT