TransCanada offers to cut pipeline tolls to combat U.S. shale gas

Pipeline company TransCanada Corp. is offering to reduce tolls on its natural gas mainline from western Canada to help companies there compete with U.S. gas producers in eastern markets, Reuters reports. According to the news service, Stephen Clark, TransCanada's senior vice president for Canadian natural gas pipelines, said cheaper tolls are crucial if companies in areas such as the Montney and Duvernay shale regions are to compete with U.S. gas producers, particularly ones in the Marcellus shale play in Appalachia. Clark said the U.S. shale boom has resulted in more natural gas “flooding into the southern Ontario market and displacing traditional western Canadian supply." For more, read the full story.

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