... Williams Boardwalk Suspend Investment in Bluegrass Pipeline

Williams, Boardwalk Suspend Investment in Bluegrass Pipeline

Williams and Boardwalk Pipeline Partners LP have suspended capital investments in the Bluegrass Pipeline, a proposed joint-venture natural gas liquids project, primarily in response to an insufficient level of firm customer commitments. The companies 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.

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According to multiple reports, Boardwalk Pipeline CEO Stanley Horton said, “The project is not dead.”

The Bluegrass Pipeline is designed to connect natural gas liquids produced in the Marcellus and Utica shale areas in the U.S. Northeast with domestic and export markets in the U.S. Gulf Coast. The project’s backers say the pipeline represents a strong long-term solution in
the marketplace.

Though both companies have stopped funding the project, the joint venture “is still in place and we continue to have discussions with customers,” Horton said during an April 28 conference call with analysts.

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