The new buyers behind long-haul gas pipelines

After years of free-riding, LNG developers and power generators are beginning to underwrite interstate capacity

Meeting the next decade of U.S. gas demand growth — from LNG expansions and accelerating power loads — requires someone other than producers to pay for long-haul transmission.

But outside the Southeast, that “someone” didn’t exist. Producers carried the risk until it became commercially untenable, at which point new transmission development shifted to sh…