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NOVA CORPORATION OF ALBERTA ANNOUNCES PRODUCTION RESULTS

 NOVA CORPORATION OF ALBERTA ANNOUNCES PRODUCTION RESULTS
 CALGARY, Alberta, April 29 /PRNewswire/ - NOVA Corporation of


Alberta (NYSE: NVA, Toronto, Montreal, Calgary: NVA) transported 839 billion cubic feet (bcf) of natural gas through its Alberta pipeline system in the first three months of 1992, up 6 percent from 792 bcf a year ago. Average daily receipts for the period were 9.2 bcf, compared with 8.7 bcf in 1991.
 Total exports from Alberta in the first quarter were up 10 percent to 699 bcf, compared with 638 bcf in 1991. Within the province, deliveries were down 8 percent to 138 bcf, compared with 150 bcf in 1991.
 At the Alberta-British Columbia border, total deliveries were down 6 percent to 134 bcf from 142 bcf in 1991. This gas was shipped mainly to California markets by Pan-Alberta Gas Ltd. (50 percent owned by NOVA) and by Alberta and Southern Gas Co. Ltd.
 At the Alberta-Saskatchewan border, gas deliveries destined for central Canada and U.S. markets via the TransCanada pipeline system were up 15 percent to 440 bcf from 384 bcf in 1991. Gas deliveries destined for the U.S. midwest via the Foothills pipeline system were up 16 percent to 108 bcf from 93 bcf in 1991.
 For all of 1992, the NOVA system is expected to continue to operate at record levels, as it has for the past five years. Customer requests for increased pipeline capability will result in capital spending for new facilities between $500 million and $600 million. NOVA's concentration is on increasing delivery capacity to match that of downstream pipeline expansions.
 NOVA is a widely held company operating internationally from headquarters in Calgary. NOVA builds its future on pipelines, and the manufacturing and marketing of chemicals produced primarily from Alberta natural resources.
 -0- 4/29/92
 /CONTACT: B.W. Simpson of NOVA Corporation of Alberta, 403-290-7640/
 (NVA) CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU:


JL -- LA018 -- 4437 04/29/92 13:34 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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