Sanctions are possible but may take time and depend on White House negotiations with allies and Capitol Hill.
High costs, regulatory hurdles and environmentalist opponents have made it difficult to construct major natural gas pipelines out of Appalachia.
“MVP (Mountain Valley Pipeline) believes that pursuing the individual permit process ... is the most efficient regulatory path to completing the remaining components of the project,” RGC CEO Paul Nester told analysts on a call.
The Keystone XL oil pipeline project, announced 12 years ago to move Canadian crude from Alberta to Nebraska, has already been well under construction in Canada.
Canadian company also reported that it missed its estimates for its quarterly profit.
In a letter to fellow Democrat Joe Biden, Sen. Joe Manchin said that even without the Keystone XL pipeline, the oil would still find its way to the U.S. by rail and truck.
The proposed $5.9 billion pipeline would run roughly 500 miles (800 km) and could start delivering natural gas into central Alaska in 2025, according to a report.
PennEast wants the land to build the pipeline, which is designed to deliver 1.1 Bcf/d of gas—enough to supply about 5 million homes—from the Marcellus Shale formation in Pennsylvania.
Baker Hughes and PAO NOVATEK have signed a cooperation agreement on Feb. 1 aimed at reducing carbon emissions from natural gas and LNG production.