Pennsylvania retail mall operator may have offered clue to Shell's plans to develop a world-class ethane cracker in the natural gas-rich Marcellus and Utica shale region.
As a part of the deal, Tallgrass will acquire Sempra’s share in the pipeline’s roughly $2.6 billion of debt, which equates to about $640 million.
Diversifying into the downstream makes sense from a strategic perspective, but the economics are lacking for most players to build a reﬁnery from scratch.
New pipeline capacity in the Appalachian Basin has started to erode the Northeast’s differentials with Henry Hub and billions more cubic feet of capacity is coming.
The project is worth more than 50 billion riyals (US$13.3 billion) and, when completed in 2019, will be the first program in the kingdom to treat gas from both onshore and offshore fields.
Trudeau said the Great Bear Rainforest in the west coast province of British Columbia is no place for a crude oil pipeline. The comments come after a Canadian court last month overturned federal approval of Enbridge's project.
TransCanada submitted a notice for an arbitration claim in January and tried to negotiate with the U.S. government before filing its formal arbitration request under North American Free Trade Agreement provisions.
The decision prompted immediate outcry from critics, who called on Canadian Prime Minister Justin Trudeau to block the twinning of the existing pipeline, which carries oil from Alberta to a port in Metro Vancouver.