Pipeline Brawl Rattles Industry Desperate to Build

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Energy Transfer Notícia

Bloomberg,Momentum Midstream,Pipeline

(Bloomberg) -- A series of legal battles in Louisiana has slowed construction of pipeline projects worth more than $2 billion in the state. Yet the...

-- A series of legal battles in Louisiana has slowed construction of pipeline projects worth more than $2 billion in the state. Yet the litigation wasn’t from environmentalists: It was spearheaded by one of the biggest natural gas pipeline operators in the US.Over the past few months, Energy Transfer LP has fought in court to block rivals from building pipelines to move gas to export terminals on the Gulf Coast.

If state and federal officials can’t find ways to make it easier to permit and build pipelines, the outcry from utilities, tech companies and others will be significant, Williams Chief Executive Officer Alan Armstrong warned on a recent call with analysts.Yet pipelines have become difficult to build, especially when crossing state lines. A string of major projects has flamed out in the face of political and legal challenges over the past decade, including TC Energy Corp.

It’s “extremely rare” for a pipeline developer to use the strategy Energy Transfer is employing to block competitors, Chad Zamarin, the executive vice president of corporate strategic development at Williams, said in an interview. -- Spotify Technology SA will introduce a new, higher-priced premium plan for its most ardent users later this year, according to a person familiar with the plan. Users will be charged at least $5 more per month for access to better audio and new tools for creating playlists and managing their song libraries, said the person.

 

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