By OGJ editors
HOUSTON, Feb. 2 -- CenterPoint Energy Gas Transmission Co. and Spectra Energy have agreed to call off development of a joint Midcontinent Crossing (MCX) pipeline, which proposed to move natural gas from basins in the Midcontinent to interconnects serving the US Northeast and Southeast (OGJ Online, June 12, 2006, Newsletter).
"Market and economic analyses do not support the construction of the proposed pipeline at this time," the companies said in a joint statement.
CenterPoint and Spectra plan to continue to "independently evaluate opportunities for building infrastructure to transport Midcontinent natural gas supplies including projects in the vicinity of the proposed MCX pipeline," adding, "Should the appropriate project present itself, we would be willing to look at it jointly."