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    market news

    El Paso to Expand TGP Gas Line in Pennsylvania

    Investing News Network
    Oct. 07, 2011 05:06PM PST
    Oil and Gas Investing

    Reuters reported that El Paso Corp announced that its 100% owned Tennessee Gas Pipeline subsidiary executes long-term agreements for the MPP natural gas pipeline project, to bring supply from the Marcellus Shale.

    Reuters reported that El Paso Corp announced that its 100% owned Tennessee Gas Pipeline subsidiary executes long-term agreements for the MPP natural gas pipeline project, to bring supply from the Marcellus Shale.

    As quoted in the market news:

    The MPP project will expand TGP’s 300 Line by 240,000 dekatherms per day (240 million cubic feet per day) and will include approximately eight miles of 30-inch pipeline looping and modifications to four existing compressor stations in the state, the company said in a statement.

    The capacity is subscribed through agreements with Chesapeake Energy Marketing, Inc, a wholly-owned subsidiary of Chesapeake Energy Corp for 140,000 dekatherms per day and Southwestern Energy Co unit Southwestern Energy Services Co for 100,000 dth/d.

    Click here to read the full Reuters report

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