TransCanada’s shale gas pipe cost rises by $1bn

Bloomberg

TransCanada Corp. won a 49 percent price increase for space on the pipeline it’s building to haul shale gas from Appalachian fields as labor shortages and escalating land prices pushed construction costs almost $1 billion higher.
US regulators approved the Calgary-based company’s request to charge gas explorers $14.663 per dekatherm for space on its Mountaineer XPress Project, 275-kilometre in West Virginia, according to a filing. That’s an increase from the $9.827 rate approved by the Federal Energy Regulatory Commission just eight months ago.
The Appalachian region accounted for 29 percent of total US gas production in July, according to the Energy Information Administration.