Gas Pipeline Project Halted Amid Pandemic
(AP) — A natural gas pipeline that would have connected an oil field in New Mexico and Texas to markets in the Gulf Coast has been halted as the fossil fuel industry struggles during the coronavirus pandemic.
Officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew its application to build the 625-mile (1,005-kilometer) pipeline, the Carlsbad Current-Argus reported.
The pipeline would have crossed 24 Texas counties and four Louisiana parishes to transport natural gas stemming from the Permian Basin in west Texas and southeast New Mexico, officials said.
Several countries and states enacted travel bans and other business restrictions to limit the spread of COVID-19, resulting in declining oil and gas prices as people are using less fuel around the world.
As a result, many major oil and gas projects were stopped as companies sought to cut spending, including the pipeline project.
Permian Global Access Pipeline LLC President Joey Mahmoud said that current market conditions meant the project was not financially viable and that the company could resume if the market recovers.
Related News
From Archive
- PHMSA warns of heat risks in aging plastic gas distribution pipelines following deadly Pennsylvania explosion
- OSHA seeks $1.2 million fine after fatal trench collapse in Connecticut
- Phase 1 Alaska LNG pipeline advances with construction awards, pipe supply agreements
- OSHA issues 16 citations following fatal sewer confined space incident
- Gateway Tunnel construction faces shutdown next week as Trump withholds federal funding
- T-Mobile to expand fiber broadband infrastructure footprint with $4.9 billion Metronet acquisition
- First tunnel boring machines complete testing for Hudson Tunnel Project
- Construction jobs stumble into 2026 after weak year
- NWPX grows water infrastructure portfolio with Colorado precast facility
- Cityside launches $100 million fiber build in Corona, Calif.
Comments