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Laser Northeast Gathering Co. Breaks Ground For New Natural Gas Pipeline
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Laser Northeast Gathering Company, LLC officials, joined by landowners and local officials, held a ground breaking ceremony this week in New Milford, Pa to mark the start of construction in Pennsylvania for their Susquehanna Gathering System.
"As a lifelong resident of Northeast Pennsylvania, this is a very exciting day," said Laser Chairman and CEO Thomas F. Karam. "We are proud to stand here and announce that we are starting construction of a project that is bringing substantial investment and additional jobs to Northeastern Pennsylvania. This project will play a vital role in helping the area realize the full economic potential of the natural gas resources that are here."
The Susquehanna Gathering System will gather natural gas from wells tapping the Marcellus Shale formation and transport it up to 30 miles from Susquehanna County into the Millennium interstate pipeline located in Broome County, NY. Construction of the pipeline begins this week and is expected to be complete this summer.
"The real heroes here are all the landowners and public officials who have worked diligently to help us create a great project," said Laser Northeast Gathering President Chip Berthelot. "The collaborative effort between Laser, landowner groups, individual landowners, and municipal officials has contributed to making this the best project possible."
The project has already begun to stimulate the local economy through payments to local landowners and the use of local firms and services. To date, Laser had already added more than $20 million to the local economy. The company is committed to maximize the use of local products and services.
Laser has opened a regional office at 3008 State Rd. 92 in Montrose, where it currently employs 20 full-time staff people. During the construction phase of the project in Pennsylvania, the company expects to employ approximately 350 construction professionals, as well as, employ several local contractors to do work. The company has already committed to buy over $6 million worth of pipe for the project from a Pennsylvania steel company.
Laser's focus is on developing, constructing and operating "midstream" natural gas pipeline. Laser's management team has over 150 years of pipeline operating experience in Pennsylvania.
For more information, visit the Laser website.
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2/7/2011 |
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