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Canada : TRANSCANADA CORP. announces new NGTL SYSTEM expansions.

TransCanada Corp. announced NOVA Gas Transmission Ltd., its wholly-owned subsidiary, will contract around 4 billion ft3/d of firm fresh contracts that will lead to a system expansion to 2017 of US $2.7 billion.

TransCanada got requests from many parties for substantial volumes of new company services on the NGTL System. The requests result from substantial growth in unconventional natural gas supplies in northeastern B.C. and northwestern Albertaand in delivery markets in the Western Canada Sedimentary Basin, mainly driven by oilsands development and demand for gas-fired electric power generation.

Russ Girling, President and Chief Executive Officer of TransCanada said, "Expansion of the NGTL System is an important part of TransCanada's industry leading US$ 46 billion capital growth plan that includes US$ 20 billion of new natural gas pipelines. The system plays a key role in meeting growing supply and demand requirements within the WCSB and North America.

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Publication:Mena Report
Date:Nov 7, 2014
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