NEB recommends approval of project variance
The Canadian National Energy Board (NEB) has recommended the Federal Government approve a variance to the CA$1.4 billion North Montney Mainline Project certificate.
Approval of the variance would allow construction to begin on the CA$1.4 billion (US$1.08 billion) natural gas project in British Columbia.
The project, which is being advanced by TransCanada subsidiary NOVA Gas Transmission Ltd (NGTL), was originally approved in 2015, subject to positive final investment decision on the then-proposed Pacific Northwest LNG liquefaction project, and is an expansion of the existing NGTL system.
It includes the construction of a 206 km, 42 inch (1067 mm) natural gas pipeline, compression and associated metering facilities, and is backed by 20-year commercial contracts to transport approximately 42.5 million m3/d.
“We are pleased with the NEB’s decision on the North Montney Mainline Project,” TransCanada President and CEO Russ Girling said.
“These facilities are critical to the timely and economic development of the tremendous natural gas resource in the North Montney play.
“Since 2011, the project has undergone thorough consultation, engagement and rigorous regulatory assessment.
Through this process we have demonstrated the importance of this critical piece of energy infrastructure to natural gas producers and downstream markets throughout Canada and the US.”
Subject to timely federal approval, construction is expected to start by the third quarter of 2018, with an anticipated in-service date of mid-2019.
For more information visit the TransCanada website.
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