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exprohibition18on Feb 12, 2018 9:21am
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Globe says TransCanada in talks to boost gas capacity
Globe says TransCanada in talks to boost gas capacity could be game changer on basis?
Globe says TransCanada in talks to boost gas capacity
2018-02-12 08:59 ET - In the News
The Globe and Mail reports in its Monday edition that TransCanada is mulling expansion of shipments through a major pipeline to move more natural gas from Alberta to Ontario. The Globe's Jeff Lewis writes that the move could help producers snatch back market share from U.S. rivals as the prospects for overseas sales grow dimmer. TransCanada confirmed that it is discussing the potential revival of dormant capacity on its cross-country mainline system with prospective shippers, although key details have not been worked out. Concerns over finding markets for fast-rising, natural gas production in Western Canada have grown more acute in recent months as hopes fade for a major liquefied natural gas industry that would allow the fuel to be shipped to the British Columbia coast and onward to destinations overseas. Royal Dutch Shell is expected to decide later this year whether to build a $40-billion export plant in B.C. Similar proposed projects have not panned out. The Alberta-to-Ontario network historically shipped the lion's share of Western Canadian natural gas production east, but volumes have collapsed amid competition from low-cost shale gas in eastern markets, forcing TransCanada to idle segments of the line.