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TransCanada invests $2 billion to expand NOVA Gas Transmission

Staff Writer |
TransCanada Corporation announced that it will move forward with a new $2 billion expansion program on its NOVA Gas Transmission Ltd. (NGTL) System.

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This is based on new contracted customer demand for approximately 3 billion cubic feet per day (Bcf/d) of incremental firm receipt and delivery services.

This expansion program results from growing producer demand to connect low-cost Montney, Duvernay and Deep Basin production to the NGTL System and move it to premium intra-basin and export markets.

Numerous shippers have recently signed over 2.6 Bcf/d in total new firm supply contracts at multiple existing and proposed new receipt locations across the System.

TransCanada also successfully concluded a recent expansion open season for incremental service at the Alberta/British Columbia export delivery point, which connects Canadian supply through downstream TransCanada pipelines to Pacific Northwest, California and Nevada markets.

The open season was over-subscribed, and all 381 MMcf/d (408 TJ/d) of available expansion service was awarded under long term contracts.


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