S&P: Shale Boom Straining Pipelines’ Credit Profiles

摘要

In a new dynamicnfor the pipeline industry’sn“once-staid” credit profile, booming,nlow-cost shale gas production isnboosting competitive pressure on somenpipelines carrying higher-priced conventionalngas, increasing the risk thatnthese pipelines may have to lower theirntransportation rates—and suffer lowernfuture cash flows—to compete withnnewer pipelines that transport shale gas,nStandard & Poor’s said last week.