Insufficient pipeline capacity currently limits and constrains access to Pennsylvania natural gas supplies which has resulted in a slowdown in investment, production, employment and tax revenues generated by the natural gas industry in Pa.
- Without infrastructure to move product to markets, prices will continue to hinder activity, investment and job creation in the shale production regions
- Pipeline infrastructure like the ASR project creates consumer access to an abundant supply of clean, affordable energy. Further reducing energy costs for consumers
- Continued shale production and the ASR designed to supply enough natural gas to meet the daily needs of more than 7 million American homes helps to accelerate America’s track to energy independence.
- Project itself will be a $2.9 billion investment which will generate approximately $1.6 billion in additional wages, revenues and investments to the regional and state economies of PA and approximately 8,000 jobs and an associated $870 million in economic value added during the construction period.
If your business is involved in midstream business, you should consider attending the Midstream PA 2016 which will provide you with the latest information on the upstream and midstream activities in PA for the remainder of 2016 and first quarter of 2017. Check out the speakers. http://midstreampa.com/wordpress/?page_id=12