TransCanada commits $1.9 billion to natural gas pipeline expansion

Pipeline operator TransCanada Corp. plans to move forward with a $1.9 billion expansion of its Nova Gas Transmission Line (NGTL), boosting pipeline access for producers in western Canada's “gas-rich basins,” according to Reuters. TransCanada said the expansion of the NGTL system, which moves natural gas from Alberta and British Columbia to markets across North America, will boost western Canadian export capacity by 1 billion cubic feet per day. Reuters says the expansion will also connect new supplies in the Montney and Duvernay formations, which some energy companies say could rival the most prolific U.S. shale fields, including the Utica and Marcellus in Appalachia. For more, read the full story.

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