European Firm Signs Shale Gas Deal

By
Associated Press

Dateline
Updated Mon, Aug 11, 2014 11:50 am

A European firm has signed a deal to buy a type of Marcellus Shale natural gas liquid from Antero Resources Corp.

Austrian petrochemical company Borealis has signed a 10-year contract to buy ethane coming from the Marcellus and Utica Shale formations in Ohio and Pennsylvania. The liquid, a raw material in plastics production, would be piped to the Sunoco Logistics Partners terminal in Marcus Hook, PA and loaded onto ships. Antero is based in Denver, Colorado.

The new agreement would start in 2016, when Sunoco expects its second Mariner East pipeline will begin service. The first Mariner East project is scheduled to begin transporting gas liquids this year.

Tags: