In what was clearly not ‘government work’ Colonial has completed the bypass of its leaking pipeline early and has told shippers it will restart supplies tomorrow. This has sent near-term gas prices to the east coast tumbling. Great news amid claims from Alabama’s governor of price-gouging by retail gas suppliers.
As Bloomberg reports, Colonial Pipeline has finished construction, fabrication and positioning of bypass connector pipeline segment around leak site west of Pelham, Ala., co. says in e-mailed statement.
Colonial in process of carrying out hydrostatic test of new segment Segment is approx. 500ft in length Co. says it will take ‘several days’ for fuel delivery supply chain to return to normal when Line 1 restarts Some markets should expect intermittent service interruptions But the market is pricing out disruptions…
This post was published at Zero Hedge on Sep 20, 2016.
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