PETRONAS picks TransCanada for $5bn Canada gas transmission project
09 January 2013 15:34 [Source: ICIS news]
TORONTO (ICIS)--?xml:namespace>Malaysia’s state oil and petrochemicals major PETRONAS has selected energy infrastructure firm TransCanada as partner for a planned $5bn (€3.8bn) natural gas pipeline transmission project in western Canada, officials said on Wednesday.
The proposed project by Petronas’ Canadian business unit, Progress Energy, will ship gas from the North Montney gas-producing region in British Columbia to Progress’ planned liquefied natural gas (LNG) export facility near Prince Rupert on the British Columbia coast.
The 750-kilometre pipeline, called “Prince Rupert Gas Transmission Project”, would be built, owned and operated by TransCanada.
Its initial capacity would be 2.0bn cubic feet of gas/day, with the ability to expand to 3.6bn cubic feet of gas/day. The estimated in-service date is end-2018, subject to regulatory and other approvals.
Progress Energy and TransCanada expect to finalise definitive agreements in early 2013, they said.
($1 = €0.76)By: Stefan Baumgarten+1 713 525 2653
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.