TransCanada Corporation announced today that it will move forward with a proposed CAN$140 million expansion of its NOVA Gas Transmission Ltd (NGTL) System following the successful completion in March of an expansion capacity open season for incremental firm export delivery service at the Empress/McNeill Export Delivery Point.
Shippers have executed binding agreements for 280 million ft3/d of incremental firm delivery service that will commence November 2021. The average term of the contracts awarded for the expansion capacity is 22 years. NGTL also concurrently executed incremental intra-basin firm delivery service contracts with other shippers for an aggregate volume of 75 million ft3/d that contribute to the need for the new facilities.
"The successful open season for incremental export capacity demonstrates the significant continued interest of parties in the Western Canadian Sedimentary Basin to secure access to high value downstream markets,” said Tracy Robinson, TransCanada's Senior Vice President and General Manager, Canadian Gas Pipelines. “TransCanada remains firmly committed to providing our customers timely and reliable access to these markets through appropriate facility expansions and competitive service offerings.”
This new investment is a component of NGTL’s CAN$7.3 billion multi-year infrastructure expansion programme that will increase transportation capacity for Western Canada producers and provide downstream markets increased access to clean-burning natural gas.
Read the article online at: https://www.worldpipelines.com/business-news/18062018/nova-gas-transmission-system-expansion-to-proceed/
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