1. NATURAL GAS
Punishingly low liquids prices challenge a surge of new capacity
A race has begun among loose alliances of energy companies to take ethane and other natural gas liquids from the Marcellus and Utica shale formations and deliver the high-value hydrocarbons to U.S. and foreign markets. Three interstate pipeline projects are nearing completion to move gas liquids in raw and pure form to the mid-Atlantic and Gulf Coast regions and Ontario to be sold for heating, gasoline mixing and chemicals manufacturing in the United States or for export.