The pipeline will transport various grades of crude oil from the D-J Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, Okla.
Obama said the U.S. should focus on “American infrastructure for American jobs for American producers.”
The project is among several proposals to tap into ample supplies of gas from shale rock in the U.S. to meet demand from Japan, South Korea and other LNG importers.
White House press secretary Josh Earnest said it’s “certainly possible” that Obama would eventually approve the Keystone XL pipeline.
The system is in active development and is scheduled to commence service in the fourth quarter of 2016.
Access Northeast could save electric customers an average of $1 billion a year.
Williams Cos. Inc. owns the controlling interest in Williams Partners LP, which owns 60% of the Discovery system and operates it. DCP Midstream Partners LP owns the remaining 40%.
Phase II of the system is scheduled to begin operations in the first half of 2016.
Houston-based Excelerate Energy LP has asked the U.S. Federal Energy Regulatory Commission (FERC) to put a hold on its Lavaca LNG project in Port Lavaca, Texas.
Declining crude prices resulted in spending cuts on several major projects in Alaska as the state is attempting to deal with a $3.5 billion budget deficit.
Williams Partners LP expects ethylene production for sale to begin at its expanded Geismar plant in January, as commissioning efforts for the project near completion, the company said in a Dec. 29 statement.
GE and Sabine Pass Liquefaction, a subsidiary of Cheniere Energy Partners LP, entered into a $1 billion, 20-year service contract.