Williams, Boardwalk Pipeline to form joint venture
TULSA, Okla. (AP) – Williams Cos. and Boardwalk Pipeline Partners LP plan to form a joint venture to develop a pipeline project to transport natural gas liquids from the Marcellus and Utica shales in Ohio, West Virginia and Pennsylvania to the Gulf Coast.
Plans call for pipelines that would transport the liquids from producing areas in West Virginia and Ohio to a transmission system in Hardinsburg, Ky., where they would then connect to another transport system to Eunice, La. The proposal also calls for a processing plant to be built in Louisiana.
The proposed pipeline would give producers 200,000 barrels per day of mixed natural gas liquids capacity in Ohio, West Virginia and Pennsylvania. The proposed pipeline could be increased to 400,000 barrels per day to meet market demand, mostly by adding additional pumping capacity.
The companies said Wednesday they also are looking into the possible development of a new liquefied petroleum gas terminal and related facilities on the Gulf Coast to provide customers access to international markets.
Williams and Boardwalk expect the pipeline would start operating during 2015’s second half, assuming all necessary conditions are met.
Williams is an energy infrastructure company. It owns interests in or runs 15,000 miles of interstate gas pipelines, 1,000 miles of natural gas liquids transportation pipelines and more than 10,000 miles of oil and gas gathering pipelines.
The Tulsa, Okla., company’s stock gained 39 cents to $33.76 in morning trading.
Boardwalk provides transportation, storage, gathering and processing of natural gas and liquids. The Houston company’s shares added 3 cents to $26.66.