Financial Wire

DOE Breaks Ground on NESE Pipeline to Add Gas Supply to New York

-- The US Department of Energy on Tuesday held a groundbreaking ceremony for the Northeast Supply Enhancement Pipeline, which aims to deliver natural gas to New York City.

Secretary of Energy Chris Wright, Environmental Protection Agency Administrator Lee Zeldin, and Secretary of the Interior Doug Burgum participated in the ceremony.

Williams Companies (WMB) will construct the pipeline to transport natural gas from Pennsylvania to New York City and Long Island.

The NESE pipeline is an expansion of Williams' existing Transco pipeline system across Pennsylvania, New Jersey, and New York, adding 400,000 dekatherms per day of capacity.

This is enough energy to serve the equivalent of 2.3 million homes, the statement said. NESE is slated to start operations by Q4 2027.

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