PennEast Pipeline announced on Monday it would stop developing a proposed pipeline from Pennsylvania to New Jersey, dropping its plans due to ongoing regulatory battles, according to Reuters.
The company said it canceled the project because it had not yet received all of its required permits, including a water quality certification in New Jersey. The PennEast was one of the last major pipeline projects in the works set to pull gas from the Marcellus and Utica shale formations.
“The PennEast partners, following extensive evaluation and discussion, recently determined further development of the project no longer is supported,” PennEast said in an email, noting it “has ceased all further development of the project.”
Learn more: Reuters > PennEast becomes the latest to scuttle a natural gas pipeline project
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