SCOTT DISAVINO , REUTERS, PUBLISHED SEPTEMBER 27, 2021
PennEast Pipeline said on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, the latest in a series of natural gas lines to run aground due to legal and regulatory challenges.
The project was one of several proposed in recent years to draw gas from the fast-growing Appalachian region, only to run into local or environmental opposition to more fossil-fuel infrastructure. Gas prices have surged worldwide due to rising demand and lack of supply. MORE >>