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TransCanada plans to finish Mountaineer XPress pipeline in Q1

Tuesday, February 19, 2019 by

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After putting 45 percent of its Mountaineer XPress natural gas pipeline in West Virginia into service in January, TransCanada Corp plans on finishing the remainder of the project in February and March, according to NASDAQ.

When TransCanada started construction on the project early last year, it estimated it would complete the project by the end of 2018 at a cost of $2.6 billion. By April, that estimate rose to a total cost of $3 billion. Now, the project is estimated to cost $3.2 billion. The company attributes the rising cost to regulatory delays, what it called unusually high demand for construction workers in the region, unusually high instances of bad weather and changes to plans to mitigate those weather impacts.

The Mountaineer XPress pipeline is designed to move natural gas 170 miles from Marshall County to Wayne County in West Virginia, en route to the Gulf Coast via other pipelines. The project is intended to flow 2.7 billion cubic feet per day of natural gas.

Learn more: NASDAQ > TransCanada to finish West Virginia Mountaineer natgas pipe in Q1

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