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Transcontinental Gas Pipe Line Co. LLC won certificate approval Friday from the Federal Energy Regulatory Commission for its Northeast Supply Enhancement natural gas pipeline project, which would add 400 MMcf/d of incremental supply into New York markets and potentially place downward pressure on Transco Zone 6 pricing.
FERC voted 3-1, with Commissioner Cheryl LaFleur, who represents a key swing vote, welcoming recent additional information the developer provided about the end use of the gas that allowed for more analysis of downstream greenhouse gas emissions.
LaFleur in a concurring statement pointed to Transco estimates that the project would displace 900,000 barrels of oil a year and that the shipper, National Grid USA, plans to convert 8,000 customers per year from No. 2 fuel oil to natural gas as well as provide natural gas service to new development.
The project still faces an important test in New York, which has authority to...