The Annual Shale Gas Technology & Equipment Event
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ec 30 (Reuters) - Cabot Oil & Gas Corp (COG.N) :
* Cabot Oil & Gas Corporation provides update on Atlantic Sunrise Project, announces gas sale and purchase agreement
* Issuance of final EIS is a key step toward FERC's final decision on project, which is expected in early 2017
* Williams Partners anticipates beginning construction in mid-2017, allowing for a full in-service of project in mid-2018
* Also reported execution of a new definitive gas sale and purchase agreement with an undisclosed company
* Has agreed to sell additional 150,000 MMBTU/day of natural gas for 3 years commencing on full in-service of Atlantic Sunrise Project
* To increase committed sales on atlantic sunrise project utilizing capacity subscribed to by co or by third parties to about 1 BCF/day
Source text for Eikon: Further company coverage: (COG.N)
Unconventional natural gas has become a global hotspot. It is changing the pattern of the world energy. Shale gas will become one of the three energy resources in the next 20 years. Read More >
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