Printer Friendly

INTERPROVINCIAL AND ANR PIPELINE MOVE FORWARD ON NEW GAS TRANSMISSION SYSTEM

 EDMONTON, Alberta, Jan. 12 /PRNewswire/ -- Interprovincial Pipe Line System Inc. (NASDAQ: IPPIF, Toronto, Montreal: IPL, IPL.R) (Interprovincial) and ANR Pipeline Co. (ANR), jointly announced today the signing of a memorandum of understanding with The Consumers' Gas Co. Ltd. (Toronto, Montreal: CGT) (Consumers Gas) that will enable the proposed InterCoastal Pipe Line to be in service by November 1994.
 The memorandum of understanding is an agreement to develop a new natural gas transportation system which will be known as the InterCoastal Pipe Line with Consumers Gas as its major shipper. The InterCoastal Pipe Line will extend from the Canada/U.S. border in the vicinity of Sarnia, Ontario, to a point near Toronto, where it would connect with Consumers Gas' existing natural gas distribution system.
 "InterCoastal represents an opportunity to embark on a new venture in the pipeline transportation industry, which is consistent with our strengths and capabilities," said Brian F. MacNeill, president & chief executive officer of Interprovincial. "This project will enable us to capitalize on our extensive experience with pipeline transportation of liquid hydrocarbons in North America and extend our services to encompass natural gas transportation."
 The InterCoastal Pipe Line Project will be constructed in two phases at a total estimated cost of $67 million.
 Phase 1, scheduled for completion by November 1994, involves the conversion of 150 miles of Interprovincial's existing 20-inch and 24- inch diameter crude oil pipelines (primarily Line 8) in Ontario and will require the construction of 11.5 miles of new 24-inch diameter pipeline, giving InterCoastal Pipe Line direct access to ANR's system at the international border and to Consumers Gas' Tecumseh gas storage facility in southwest Ontario. Phase 1 is estimated to cost approximately $40 million. ANR will construct a 12-mile lateral to connect the InterCoastal Pipe Line to ANR's existing underground storage and related pipeline facilities in St. Clair County, Mich.
 Phase 2, scheduled for completion by November 1996, will increase InterCoastal Pipe Line's initial capacity from 130-million cubic feet of gas per day to 230-million cubic feet per day with the addition of a compressor station near the mid-point of the existing pipeline. Phase 2 is estimated to cost approximately $27 million.
 The InterCoastal Pipe Line will provide Consumers Gas with additional economic access to its Tecumseh storage complex. More than 70 percent of the InterCoastal Pipe Line's initial capacity is subscribed to deliver Tecumseh storage volumes to markets in the greater Toronto Metropolitan area.
 While the InterCoastal Pipe Line Project previously proposed conversion of Interprovincial's Sarnia-Montreal crude oil pipeline (Line 9), studies currently indicate that the most efficient use of the Sarnia-Montreal line may be in a reversed direction for crude oil deliveries.
 It is anticipated that an application will be filed with the National Energy Board in April 1993 for approval to construct the InterCoastal Pipe Line and for approval of the InterCoastal Pipe Line tolls. Subject to receiving regulatory approvals from the National Energy Board in Canada and from the Federal Energy Regulatory Commission in the United States with respect to the ANR facilities, the InterCoastal Pipe Line is scheduled to be in service by November 1994.
 Interprovincial, through its wholly owned subsidiaries, Interprovincial Pipe Line Inc., Interprovincial Pipe Line (NW) Ltd. and Lakehead Pipeline Co. Inc., operates the world's longest petroleum pipeline system extending more than 2,300 miles through Canada and the United States. Interprovincial has corporate assets of $1.6 billion and a workforce of more than 1,100 employees.
 ANR, headquartered in Detroit, is a subsidiary of The Coastal Corp. (NYSE: CGP), a Houston-based energy holding company, with consolidated assets of more than $9 billion. The Coastal Corp. has subsidiary operations in natural gas transmission and storage, oil and gas exploration and production, refining and marketing, coal and chemicals, trucking and independent power production.
 -0- 1/12/93
 /EDITOR'S NOTE: A map to accompany this news release is available on the Canadian Press Photo Network./
 /CONTACT: Pat Daniel, VP-Planning of Interprovincial Pipe Line, 403-420-5350; or Marian Droll of ANR Pipeline Company, 313-496-3756/
 (IPPIF CGP CGT.)


CO: Interprovincial Pipe Line Inc.; ANR Pipeline Co.;
 The Consumers' Gas Co. Ltd. ST: Alberta, Michigan IN: OIL SU: JVN


BP-JL -- LA017 -- 4065 01/12/93 13:07 EST
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:Jan 12, 1993
Words:700
Previous Article:PI REPORTS UNITED STATES DRILLING DROPS TO LOWEST LEVEL SINCE 1971
Next Article:SHUFFLE MASTER ANNOUNCES CLOSING ON SALE OF COMMON STOCK
Topics:


Related Articles
EAST OHIO GAS GAINS NEW SUPPLY FLEXIBILITY WITH NEW ANR PIPELINE CONNECTION
ANR PIPELINE AND INTERPROVINCIAL MOVE FORWARD ON INTERCOASTAL PIPE LINE
BROOKLYN UNION GAS JOINS MAYFLOWER CONSORTIUM
COASTAL'S ANR PIPELINE AND COLUMBIA GAS TRANSMISSION COMPLETE NEW INTERCONNECTION
CMS ENERGY AND MICHCON REACH SETTLEMENT FOR NORTHERN MICHIGAN PIPELINE FACILITIES
COASTAL'S ANR PIPELINE SIGNS STORAGE CONTRACTS WITH PEOPLES GAS AND NORTH SHORE GAS
COASTAL'S ANR PIPELINE RESTRUCTURES ANR LINK PROJECT, SIGNS AGREEMENT WITH MICHCON AND CONSUMERS GAS OF CANADA
National Fuel Intends to Join Independence Pipeline Project
Coastal's ANR Pipeline Gains FERC Approval for Wisconsin Expansion.
PROJECTS.

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