TransCanada proceeds with Canadian Mainline system enhancements

Energy Global ^ | 05/11/2014 | Rosalie Starling

[thackney]

TransCanada Corporation has announced that it is moving forward with its Vaughan pipeline project and associated facilities as part of CAN$ 475 million in pipeline and facility expansions within the Eastern Triangle portion of the Canadian Mainline system. This is the next step of development for natural gas infrastructure in southern Ontario and is the result of collaboration between TransCanada, Enbridge Gas Distribution, Gaz Metro and Union Gas.

Construction of TransCanada's Kings North Connection, Parkway West Connection and Hamilton Area Project are expected to cost about CAN$ 255 million and be in-service in November 2015. The Vaughan pipeline and associated facilities are expected to cost approximately CAN$ 220 million and be in-service in November 2016.

"Over the past year, TransCanada has announced plans to invest almost CAN$ 2 billion in facility enhancements to allow growing supplies of Marcellus gas to reach Ontario and Quebec markets," said Russ Girling, President and Chief Executive Officer of TransCanada. "These enhancements help minimise the duplication of infrastructure, reduce delivery costs and improve the diversification of gas supply to markets in Eastern Canada." These projects are backed by long-term, binding agreements and have been developed to respond to changing market needs. All of these projects are subject to regulatory approval.

"TransCanada has been delivering natural gas to Canadians for more than 60 years. Over the past few years we have seen significant changes to where our customers get the gas they need, and the configuration they need to get it," added Girling. "These enhancements demonstrate how we are responding to changing market needs, building new capacity to meet demand and maximising the efficiency of our Canadian Mainline system."