TransCanada said that it will move ahead with a proposed $140-million expansion of its NOVA Gas Transmission (NGTL) System after completing expansion capacity open season in March for incremental firm export delivery service at the Empress/McNeill Export Delivery Point.
Shippers have executed binding agreements for 280 million cubic feet per day (MMcf/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 MMcf/d that contribute to the need for the new facilities.
TransCanada Canadian Gas Pipelines senior vice-president and general manager Tracy Robinson said: “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.
“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 $7.3-billion multi-year infrastructure expansion program that will increase transportation capacity for Western Canada producers and provide downstream markets increased access to clean-burning natural gas.
Source: Company Press Release