Construction on a planned third petroleum pipeline connecting Gulf Coast refineries and Georgia has been pushed-back.
Sam Whitehead of Alpharetta-based Colonial Pipeline says the $3 billion project is only being delayed indefinitely from its start-date of 2011, and not off-the-books:
Last summer’s gasoline shortage in parts of Georgia put the need for another pipeline in the spotlight.Sam Whitehead of Alpharetta-based Colonial Pipeline says the $3 billion project is only being delayed indefinitely from its start-date of 2011, and not off-the-books:
"It’s very difficult with the current economic conditions to be able to predict what the future demand for petroleum products is going to be in the long run, and we’re not in quite as big a rush because of that as we were earlier when it looked like there was a real urgent need for our expansion."Click player to hear Whitehead:
Whitehead says the company is continuing the process of securing necessary permits from the Georgia Enviromental Protection Division.
The proposed pipeline would run through the counties of Haralson, Carroll, Paulding and Cobb. Colonial’s lines transport about 70-percent of all petroleum used in the state.
