Dominion proposes east coast gas pipeline

Dominion Resources (D -0.3%) proposes construction of a 450-mile pipeline to bring natural gas from the Appalachian Basin to markets in Virginia and North Carolina that would go into service by the end of 2018.

The proposed Dominion Southeast Reliability Project would run from a Dominion Transmission pipeline in Harrison County, W. Va., through Virginia to Lumberton, N.C., although a specific route has not been identified.

Such a pipeline could cost as much as $2B to build, based on current construction prices for large U.S. gas pipelines.

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