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NOVA CORPORATION OF ALBERTA ANNOUNCES RECORD VOLUMES OF NATURAL GAS

NOVA CORPORATION OF ALBERTA ANNOUNCES RECORD VOLUMES OF NATURAL GAS
 CALGARY, Alberta, Jan. 15 /PRNewswire/ -- For the fifth consecutive year, NOVA Corporation of Alberta (NYSE: NVA, Toronto, Montreal: NVA) transported record volumes of natural gas in 1991, with total receipts of 3.04 trillion cubic feet (tcf), up 5 percent from receipts of 2.90 tcf in 1990. Average daily receipts were 8.3 billion cubic feet (bcf), compared with 7.9 bcf in 1990.
 NOVA's Alberta pipeline system is the primary transportation system through which natural gas is collected for use in Alberta and delivered to border points for shipment outside the province. Through the Alberta Gas Transmission Division, NOVA transports gas on a universal, non-discriminatory basis for the gas industry.
 For use within Alberta, total deliveries were about flat at 576 bcf compared with 581 bcf in 1990.
 For export from Alberta, total deliveries were up 7 percent to 2.45 tcf from 2.29 tcf in 1990. At the Alberta-British Columbia border, total deliveries were down 3 percent to 516 bcf from 531 bcf in 1990. At the Alberta-Saskatchewan border, gas deliveries destined for central Canada and U.S. markets via the TransCanada pipeline system were up 9 percent to 1.50 tcf from 1.37 tcf in 1990. Gas deliveries destined for the U.S. mid-west via the Foothills pipeline system were up 13 percent to 383 bcf from 339 bcf in 1990.
 Total deliveries are expected to continue at record levels in 1992, ranking NOVA as one of the top natural gas transportation companies in North America, said B. W. Simpson, AGTD president and chief operating officer.
 NOVA's customers have requested increased transportation capacity and as a result, NOVA estimates annual capital expenditures for pipeline system expansion at between $500 million and $600 million through 1995. Capital expenditures in 1992 are estimated at $650 million.
 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 processed primarily from Alberta natural resources.
 -0- 1/15/92 R
 /CONTACT: B.W. Simpson, AGTD president and COO of NOVA Corporation of Alberta, 403-290-7640/
 (NVA) CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU:


CH -- LA013R -- 0187 01/15/92 16:36 EST
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Date:Jan 15, 1992
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