TransCanada to proceed with C$1.5B North Montney extension

theflyonthewall.com

TransCanada announced that its wholly-owned subsidiary, NOVA Gas Transmission, has signed agreements with Progress Energy Canada for approximately 2Bcf/d of firm gas transportation services to underpin the development of a pipeline extension of the NGTL System. Under the commercial arrangements with Progress, receipt volumes will ramp up between 2016-2019 to an aggregate volume of approximately 2Bcf/d and delivery volumes to the PRGT project will be approximately 2.1Bcf/d beginning in 2019. The total cost for the North Montney Mainline project is estimated to be approximately C$1.5B.

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