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NOVA CORP.'S ALBERTA GAS TRANSMISSION SYSTEM CONTINUES TO MOVE RECORD VOLUMES

 NOVA CORP.'S ALBERTA GAS TRANSMISSION SYSTEM
 CONTINUES TO MOVE RECORD VOLUMES
 CALGARY, Alberta, Nov. 9 /PRNewswire/ -- The volumes of natural gas moving through Nova Corp.'s (NYSE: NVA, Toronto, Montreal, Calgary: NVA) Alberta pipeline system rose a dramatic 22 percent in the third quarter of 1992, compared with the same period in 1991. From July 1 through Sept. 30 of this year, 822 billion cubic feet (bcf) of gas was moved through Nova's system. The corresponding volumes for 1991 were 674 bcf.
 Nova expects gas volumes transported on behalf of its customers to exceed the record levels set in 1991. Nova has set new annual throughput records in each of the past five years.
 "Increasing demand for Alberta natural gas is driving the continued expansion of our pipeline system," said Bruce Simpson, president of Nova's Alberta Gas Transmission Division (AGTD). "The added capacity resulting from our expansion program makes these record volumes possible." Simpson added that Nova plans to invest an average of $500 million per year in the system through 1995.
 Over the first nine months of 1992 AGTD's transported volumes are up 13 percent. The company has moved 2.47 trillion cubic feet (tcf) of natural gas through its Alberta pipeline system, up from the 2.19 tcf transported in the same period a year ago. Average daily receipts for the year-to-date have been 9.1 bcf, compared with 8.0 bcf in 1991.
 Total exports of natural gas from Alberta were up 16.8 percent to 2.06 tcf, compared with 1.76 tcf for the first nine months in 1991. Within the province, deliveries were down 1.9 percent, falling to 412 bcf vs. 420 bcf in 1991.
 At the Alberta-British Columbia border, total deliveries for the first nine months of 1992 were 374 bcf -- the same volume as in 1991. At the Alberta-Saskatchewan border, gas deliveries destined for central Canada and U.S. markets were up 21 percent to 1,307 bcf from 1,080 bcf in 1991. Gas deliveries destined for the U.S. mid-west via the Foothills pipeline system were up 19.3 percent to 327 bcf from 274 bcf in 1991.
 -0- 11/9/92
 /CONTACT: B.W. (Bruce) Simpson, 403-290-7644, or P.J. (Jeff) Flood, 403-290-7657, both of Nova Corp. of Alberta/
 (NVA) CO: Nova Corp. of Alberta ST: Alberta IN: OIL SU:


KJ -- LA029 -- 8947 11/09/92 17:34 EST
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Publication:PR Newswire
Date:Nov 9, 1992
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