Bluegrass Pipeline Suspended Indefinitely

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For the past 12 months, representatives of Bluegrass Pipeline have worked hard to become a part of the communities along the proposed route. While conducting land use studies, negotiating easement agreements and demonstrating their significant contribution to the local economy, they made many friends and earned their support along the way. There have been more than 22,000 supporters who have shown their support for this project.
  Recently, the company reached a point in the development of the project where they needed to make some important decisions about timing and additional investment. While data show there will soon be a need for a large-scale solution like Bluegrass Pipeline to meet market needs, potential customers to-date have so far chosen to focus on local solutions. As a result, the company will continue to pursue support for the project, but are exercising capital discipline and not investing additional capital at this time. In short, Bluegrass Pipeline appears to be a project that’s ahead of its time.
  According to the U.S. Energy Information Administration, by 2016, production of NGLs from the Marcellus and Utica shale areas is expected to reach at least 650,000 bpd, marking an all-time high for U.S. NGL production records. That is why the company chose to pursue the project.
  The need to move NGLs from the liquids-rich natural gas production in the Utica and Marcellus shale plays to markets is very real and an important component of enabling the manufacturing renaissance in America. Because large-scale infrastructure projects like Bluegrass Pipeline take years to develop, they began the project early in order to have a timely solution for producers and their production.
  The company will continue to have discussions with potential customers to determine their needs, the needs of the market and of their project.