New York-based Constitution Pipeline Company last Monday appealed the New York State Department of Environmental Conservation’s rejection of a water permit, the last obstacle to finalizing the 124-mile natural gas pipeline that would stretch from Pennsylvania to New York and New England.
Halting this pipeline project puts the future of the $875 million project at stake and could also be indicative to other projects that are in line for the New York area.
The gas market is keeping close watch on the future of Constitution’s pipeline project as analysts report delays to the project could possibly cut U.S. output more than what is expected.
New York grassroots group Stop The Pipeline opposes the project, saying the pipeline would cross through a sensitive watershed area. Supporters of Constitution Pipeline argue that natural gas is integral to the area, will supply millions of homes, and will create over 2,000 jobs.
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