By TESS STYNES
Williams plans to spend about C$500 million to C$600 million
to fund a new liquids extraction plant and supporting facilities amid a new long-term gas
processing agreement with a producer in the Canadian oil
Williams said on Wednesday that the project will expand its presence in
processing in Canada, as well as further reduce emissions
associated with customers' oil-sands production.
Williams said the 2012 to 2014 portions of the spending for
the project were included in its
guidance during August.
The project also includes an extension
of its Boreal Pipeline to transport the natural-gas
liquids/olefins mixtures to Williams' expanded facility outside
Edmonton. The NGL/olefins will be converted into products
including ethane/ethylene mix and propane.
The name of the Canadian oil sands producer wasn't
Williams said its offgas
processing method captures and processes a rich NGL/olefins
mixture that would normally be burned by the oil sands
The producer instead burns methane that Williams provides in
exchange for the NGL/olefins mixture.
Dow Jones Newswires