Underground wastewater pipelines can be a big, unregulated business in Pennsylvania

Equitrans Midstream Corp. is in the gas pipeline business and a little bit in the water pipeline business.

There are lots of reasons to grow that little bit, promised Thomas Karam, the CEO of the Pittsburgh-based midstream firm.

He was previewing a strategy that he said would be fleshed out later this year to take advantage of shale gas’s extreme thirst for water.

“Produced water services are particularly exciting because the Appalachian Basin needs a solution,” Mr. Karam said in March while announcing a $1 billion deal for control of two Ohio gas pipeline systems.

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