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Jane Richey / May 23, 2012

$38 M Gas Pipeline Expansion

A Pennsylvania company plans to invest $380 million to expand natural-gas pipelines in the state, and ultimately link to markets in New Jersey and New York.

Penn Virginia Resource Partners, L.P., of Radnor, said Monday that some of the expansions to its Lycoming County pipeline in central Pennsylvania will begin in the next two weeks and be finished later this year. Other parts of the project will continue through 2018.

Chief Executive William H. Shea Jr. said in a statement that the expansions are part of a long-term plan to help bring the bountiful gas production from Pennsylvania’s Marcellus Shale to markets in the northeast and New England, where heating oil is used extensively.

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Filed Under: Fiscal Responsibility, Free Markets Tagged With: heating oil, Lycoming County, marcellus shale, New England markets, Penn Virginia Resource Partners

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