Printer Friendly

ALBERTA GAS DELIVERIES UP 11.9 PERCENT; NOVA SEES WINTER GAS SUPPLY AS TIGHT, BUT MANAGEABLE

 CALGARY, Alberta, Oct. 26 /PRNewswire/ -- Alberta natural gas continues to flow in record volumes through the pipeline system owned by the Alberta Gas Transmission Division (AGTD) of NOVA Corp. of Alberta. In the first nine months of 1993, AGTD delivered 2.791 trillion cubic feet (tcf) of gas. This represents an 11.9 percent growth over the same period in 1992, when 2.494 tcf were delivered. Average daily deliveries in the first nine months of 1993 have been 10.23 billion cubic feet (bcf).
 A large part of the additional volumes are being delivered to eastern markets in the United States and Canada. Deliveries through AGTD's Empress border station (which connects to the TransCanada PipeLine system) are up 13.9 percent. Canadian gas continues to capture an increasing share of the U.S. gas market.
 NOVA's 1993/94 winter outlook (Nov. 1 through March 31) anticipates that volumes should grow to 11.4 bcf per day. This compares with average daily deliveries of 10.5 bcf for the same period in the winter of 1992/93.
 "Based on our current understanding of our customers' supply capabilities, and our forecast for market demand, we see this winter's supply/demand outlook as tight, but manageable," said Bruce Simpson, AGTD's president. "At 11.4 bcf per day, Alberta gas producers still have some operational flexibility to respond to short-term peaks in demand."
 Simpson points to a number of factors which should improve this winter's supply position.
 "First, gas prices are up, and Alberta producers have responded by investing significantly in their production and processing facilities. Second, there has been active development of new gas supplies, with just under 1,600 gas wells drilled in Alberta in the first nine months of this year. Third, AGTD and its customers have a full year of working with our daily gas balancing inventory system. Everyone is better prepared for this winter."
 Other factors contributing to an improved winter supply outlook include:
 -- increased gas storage capabilities; and
 -- increased flexibility for inventory transfers among
 shippers on the AGTD system.
 Natural gas transported through NOVA's AGTD system
 January -- September 1993
 (billion cubic feet -- bcf)
 1993 1992 Percent Change
 Gas leaving Alberta 2,289 2,063 plus 11.0
 Gas used in Alberta 475 411 plus 15.6
 Used by NOVA/other 27 20 plus 35.0
 Total deliveries 2,791 2,494 plus 11.9
 Empress border (a) 1,488 1,306 plus 13.9
 McNeill border (b) 365 327 plus 11.6
 Alta/B.C. border (c) 379 374 plus 1.3
 Other exports 57 56 plus 1.8
 (a) Gas destined for central Canada/eastern United States via TCPL
 (b) Gas destined for the U.S. Midwest via Northern Border
 (c) Gas destined mainly for California via Alberta Nat.
 Gas/Pacific Gas Trans.
 AGTD's 11,700-mile system is the primary natural gas transportation system in the province of Alberta. The AGTD system carries more than 10 percent of the natural gas produced annually in North America, including about 75 percent of marketed Canadian gas production.
 -0- 10/26/93
 /CONTACT: Bruce Simpson, president, AGTD, 403-290-7644; or Eric Shelton, VP for Customer Service, 403-290-7824; or Dave Cornies, manager, Gas Supply and Control, 403-541-4711; or Jeff Flood, Public Affairs, 403-290-7657/
 (NVA.)


CO: NOVA Corp. ST: Alberta IN: OIL SU:

MF-JB -- LA024 -- 6882 10/26/93 12:00 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 26, 1993
Words:560
Previous Article:AFFINITY NETWORK INCREASES CUSTOMER BASE BY REDUCING MONTHLY MINIMUM REQUIREMENT
Next Article:HOUSING PARTNERSHIP AND CITIBANK ANNOUNCE INNOVATIVE LENDING PROGRAM FOR MINORITY AND WOMEN-OWNED BUSINESS
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters