MLPX - FERC sets rules that could hamper new natural gas pipelines industry says

Nearly 13B cubic feet of new natural gas capacity in the U.S. may be subject to new policy changes by the Federal Energy Regulatory Commission, which will now increase emphasis on the environmental impacts of proposed pipeline projects, Bloomberg reports. In the regulator's first policy update since 1999, FERC voted Thursday along party lines to begin considering how proposed gas projects could affect climate change, how they would affect local communities seen as most subject to pollution, and whether such projects are even in the public interest; any project expected to emit 100K metric tons/year of CO2 equivalent emissions "will be deemed to have a significant impact on climate change." The new standards will apply to pending and future projects, including Equitrans Midstream's (NYSE:ETRN) Mountain Valley Pipeline and gas pipelines attached to Tellurian's (NYSE:TELL) proposed Driftwood LNG terminal. Also affected: Kinder Morgan's (NYSE:KMI) Evangeline Pass pipeline expansion, expected to supply

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FERC sets rules that could hamper new natural gas pipelines, industry says