MDU Resources seeks more customers for proposed Bakken gas pipeline

|About: MDU Resources Group, Inc. (MDU)|By:, SA News Editor

MDU Resources (MDU) says it is looking for more natural gas producers to sign up to use its planned $650M Dakota pipeline that would transport the fuel through North Dakota to Minnesota.

MDU in January launched a 120-day period for prospective customers of the pipeline, the largest project in the company's history, to sign supply agreements to transport natural gas.

The open season period ends May 30, and MDU then will begin deciding whether to build the pipeline; permitting alone could take two years, and construction should then take six to 12 months, CEO Dave Goodin says.

Also, Goodin says MDU, along with Calumet Specialty Products Partners (CLMT), is focused on finishing the new Bakken refinery but has no current plans to build a second one.