Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
Current TRP:CA Stock Info

TransCanada’s Saddle West natural gas project will have a transportation capacity of 355 MMcf/d

Calgary-based TransCanada Corp. (ticker: TRP) announced Wednesday that the company’s wholly-owned subsidiary, NOVA Gas Transmissions Ltd. will proceed with its $655 million Saddle West natural gas project. The project is expected to increase total natural gas transportation capacity on the northwest portion of the system by approximately 355 MMcf/d, TransCanada said in a press release.

The Saddle West Expansion Project will include 29 kilometers (18 miles) of 36-inch pipeline looping of existing mainlines, the addition of five compressor units at existing station sites and new metering facilities. An application to construct and operate the project will be filed with the National Energy Board in the third quarter of 2017, and subject to regulatory approvals, construction is expected to start in 2018, according to TransCanada.

“The NGTL System is a key component of TransCanada’s high-quality portfolio of energy infrastructure assets that continues to produce solid results in various market conditions,” said TransCanada Executive Vice President and President, Natural Gas Pipelines Karl Johannson. “Our strategy is to maintain and optimize NGTL’s competitive position and to focus on growing our established network to transport growing volumes of WCSB gas.”

The project will add capacity to service growing shale gas developments in the Montney, Duvernay and Deep Basin formations, with TransCanada saying the pipeline expansion is already supported by incremental firm service contracts.

The federal government conditionally approved a separate $1.3-billion expansion of the Nova Gas Transmission system in October, which will add 230 kilometres of pipeline and two compressor stations.


Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.