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Dominion and Duke Energy partner on US$4.5bn gas pipe project (US)

Four major US. energy companies have created a joint venture to build and own the proposed Atlantic Coast Pipeline in the United States: Dominion would own 45% of the project, Duke Energy 40%, Piedmont Natural Gas 10% and AGL Resources 5%. The US$4.5bn to US$5bn, 550-mile (885 km) natural gas pipeline would run from Harrison County, Western Virginia, southeast through Virginia with an extension to Chesapeake, Virginia, and then south through central North Carolina to Robeson County. It would deliver natural gas supplies to growing markets for additional customers in Virginia and North Carolina. The pipeline would provide a new route for direct access to the burgeoning production in the Marcellus and Utica shale basins of West Virginia, Pennsylvania and Ohio. The capacity of the pipeline is projected to be 1.5 bcf/d (42 mcm/d, i.e. 15.45 bcm/year). If the Atlantic Coast Pipeline is approved by the FERC, the joint venture would anticipate project construction in 2017 and 2018, with service beginning as early as late 2018.