"Energy Transfer Partners LP, which operates natural gas midstream and transportation and storage businesses, said Tuesday it struck an agreement with a subsidiary of Chesapeake Energy Corp., the nation's largest natural gas producer, to construct a natural gas pipeline, a project estimated to cost between $1 billion and $1.2 billion."
"ETP has agreed with Chesapeake Energy (nyse: CHK - news - people ) Marketing Inc. to construct a 178-mile, 42 inch interstate natural gas pipeline that will connect ETP's pipeline system near Carthage, Texas, extend through the heart of the Haynesville Shale and end near Delhi, La., which interconnects to at least seven interstate pipelines at various points in Louisiana."
Which way will this baby go?
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"Chesapeake believes the Haynesville Shale has the potential to become the largest producing field in the country," said Aubrey McClendon, Chesapeake's chief executive. "Significant capacity must be built to insure the deliverability of natural gas from this rapidly expanding area and we are pleased to be able to support ETP in this very important project."
Well, I guess Chesapeake is serious about this thing. lol.