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PennEast to construct 100-mile natural gas pipeline from Marcellus Shale

  • PennEast Pipeline announces plans to construct a $1B, 100-mile pipeline intended to bring natural gas from the Marcellus Shale region to the equivalent of 4.7M homes in Pennsylvania and New Jersey.
  • The proposed pipeline is expected to help reduce natural gas price volatility for its customers.
  • PennEast is a joint project of AGL Resources (NYSE:GAS), New Jersey Resources (NYSE:NJR), South Jersey Industries (NYSE:SJI) and UGI.
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