Buckeye Partners and Nova Chemicals Form Marcellus Gas Partnership

Buckeye Partners and Nova Chemicals Corp. have signed a memorandum of understanding regarding the development of a pipeline to carry Marcellus Shale gas from the Pittsburgh region to a Nova pertrochemical complex in western Ontario.

Buckeye would build, own and operate the pipeline, which might eventually serve other customers in the "Chemical Valley" region where the pipeline would terminate. The next step for the process will be a feasibility study over the next few months, followed by an open season.