Tennessee Gas Pipeline to supply more natural gas to New York
Wednesday, May 8, 2019
Tennessee Gas Pipeline Co., a subsidiary of Houston-based pipeline operator Kinder Morgan, recently struck a new deal with a utility company that will allow it to supply more natural gas to upstate New York, according to the Houston Chronicle.
The company signed a new natural gas supply agreement with Con Edison that will allow the Tennessee Gas Pipeline to provide increased natural gas capacity to Con Edison’s distribution system in Westchester County, New York by upgrading its compression facilities outside of the state. The upgrades are expected to boost volumes in Con Edison’s distribution system.
Although the proposed increased capacity is subject to regulatory approval, it could be in service by November 2023.
Learn more: Houston Chronicle > Kinder Morgan pipeline to supply more natural gas to New York State
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.
Thank goodness America keeps drilling and building to supply New Yorkers, who’s government refuses to allow NY to produce it’s own natural gas. No need to say thanks!