CARLSBAD, N.M. (AP) — A natural gas pipeline that would have connected an oil field in New Mexico and Texas to markets in the Gulf Coast has been halted as the fossil fuel industry struggles during the coronavirus pandemic.
The Carlsbad Current-Argus reported that officials with Permian Global Access Pipeline, a subsidiary of Houston-based natural gas producer Tellurian, withdrew its application to build the 625-mile pipeline.
The Federal Energy Regulatory Commission first approved the request to begin the application process in September 2019. Permian Global Access Pipeline LLC President Joey Mahmoud said that current market conditions meant the project was not financially viable and that the company could resume if the market recovers.