By NATHALIE TADENA
TransCanada said it will proceed with a $1.44 billion dollar
extension of its NOVA Gas Transmission system in northeast
British Columbia, a region where the development of natural
gas resources is rapidly increasing.
TransCanada said it has signed agreements with Progress
Energy Canada for about 2 Bcfd of gas transportation services
to underpin the development of the NOVA Gas Transmission
TransCanada said the proposed North Montney Mainline will be
an extension from the existing Groundbirch Mainline section of
the NGTL system in northeast British Columbia. The project will also connect to
TransCanada's proposed Prince Rupert Gas Transmission project to provide natural
gas supply to the proposed Pacific NorthWest LNG
export facility near Prince Rupert, British Columbia.
The company noted that NGTL is also in discussions with
other parties that have expressed interest in obtaining
transportation services that would utilize the North Montney
TransCanada said it expects to file an application with the
National Energy Board in the Q4 of 2013 for approvals to build
and operate the facilities.
Dow Jones Newswires