Union Gas announces transportation open season
Firm capacity between Dawn, Kirkwall and Parkway starting as early as Nov. 1, 2017
CHATHAM, ON, Dec. 12, 2014 /PRNewswire/ - Union Gas is holding a binding open season for incremental firm capacity of up to 650,000 GJ/d beginning in 2017 and an additional 550,000 GJ/d in 2018 along the following transportation paths:
| (a) |
Dawn to Parkway; |
| (b) |
Dawn to Kirkwall; and |
| (c) |
Kirkwall to Parkway. |
The open season offers firm access to the liquidity and diversity of the Dawn Hub in addition to access to Marcellus supplies from Dawn, Niagara and Chippawa. Customers in eastern Canada and the U.S. Northeast can access these supply points by aligning Union Gas transportation service with capacity on TransCanada and interconnecting systems in the U.S.
"Changing North American natural gas supply dynamics have increased market demand for transportation capacity on the Dawn to Parkway system," said Mark Isherwood, vice president of business development - storage and transmission at Union Gas. "We plan to invest $1-2 billion between 2015 and 2018 to expand our Dawn to Parkway system to ensure gas consumers are well-positioned to access the security, diversity and affordability of supplies sourced at the Dawn Hub."
The Dawn Hub, one of the fastest growing market hubs in North America, is the largest integrated natural gas storage facility in Canada and one of the biggest in North America. Storage and transmission facilities at the Dawn Hub are fully integrated into the North American natural gas supply and transportation system providing shippers with diversity and security of supply.
The binding open season runs from Dec. 12, 2014 through Jan. 30, 2015. For more information, visit www.uniongas.com/openseason.
About Union Gas
Union Gas Limited is a major Canadian natural gas storage, transmission and distribution company based in Ontario with 100 years of experience and service to customers. The storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the fastest growing liquid market hub in North America with the largest underground storage facility in Canada and one of the largest in North America. The Dawn Hub offers customers an important link in the movement of natural gas from Western Canadian and U.S. supply basins to markets in central Canada and the northeast U.S. One of Canada's Top 100 Employers for 2014, Union Gas is a Spectra Energy (NYSE: SE) company with assets of $6.4 billion and approximately 2,200 employees. For more information, visit uniongas.com or find us on Twitter: twitter.com/uniongas, Facebook: facebook.com/uniongas and YouTube: youtube.com/user/uniongas.
About Spectra Energy
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's leading pipeline and midstream companies. Based in Houston, Texas, the company's operations in the United States and Canada include more than 22,000 miles of natural gas, natural gas liquids, and crude oil pipelines; approximately 305 billion cubic feet (Bcf) of natural gas storage; 4.8 million barrels of crude oil storage; as well as natural gas gathering, processing, and local distribution operations. Spectra Energy is the general partner of Spectra Energy Partners (NYSE: SEP), one of the largest pipeline master limited partnerships in the United States and owner of the natural gas, natural gas liquids, and crude oil assets in Spectra Energy's U.S. portfolio. Spectra Energy also has a 50 percent ownership in DCP Midstream, the largest producer of natural gas liquids and the largest natural gas processor in the United States. Spectra Energy has served North American customers and communities for more than a century. The company's longstanding values are recognized through its inclusion in the Dow Jones Sustainability World and North America Indexes and the CDP Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes. For more information, visit www.spectraenergy.com and www.spectraenergypartners.com
SOURCE Union Gas Limited
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