TransCanada will move forward with a CA$1.5 billion (US$1.14 billion) expansion of its NOVA Gas Transmission Ltd (NGTL) System.
The upgrade will connect the West Canadian Sedimentary Basin with intra-basin market demand for new and existing supply.
The expansion includes the construction of 197 km of large diameter pipeline, three compressor stations, meter stations and associated facilities.
The program is underpinned by new firm service contracts for approximately 31.1 million m3/d, with contract terms ranging from 8 to 20 years.
“The NGTL System continues to expand as parties require and contract for greater pipeline capacity to meet the growing demand for clean-burning natural gas from domestic and export markets,” said TransCanada President and CEO Russ Girling.
“This new investment brings the capacity expansion programs underway on the NGTL System to more than CA$9 billion (US$6.8 billion).”
Applications for approvals to construct and operate the facilities are expected to be filed with the Canadian National Energy Board in the second quarter of 2019.
Construction is anticipated to commence in the third quarter of 2020, pending receipt of regulatory approvals.
For more information visit the TransCanada website.
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