zaterdag 26 november 2022

NGTL Pipeline Expansions

NGTL pipeline expansion projects 2021 and 2022 will be completed in Q2 2023. This will alleviate some of the AECO gas discount pressure to Henry Hub gas.


Canadian pipeline imports to U.S. have improved.

 

2021 NGTL System Expansion Program Construction of the 2021 NGTL System Expansion Program continues and, due to current market conditions as well as regulatory and weather delays, the estimated capital cost of the program is $3.5 billion. As of September 30, 2022, $2.7 billion of facilities have been placed into service, with the remaining facilities expected to be placed in service in fourth quarter 2022 and first quarter 2023. The program consists of 344 km (214 miles) of new pipeline, three compressor units and associated facilities and will add 1.6 PJ/d (1.5 Bcf/d) of incremental capacity to the NGTL System.

2022 NGTL System Expansion Program We continue to advance construction of the 2022 NGTL System Expansion Program. As a result of current market conditions, material prices and regulatory delays, the estimated capital cost of the program is $1.5 billion with in-service dates anticipated in fourth quarter 2022 and second quarter 2023. The program consists of approximately 166 km (103 miles) of new pipeline, one new compressor unit and associated facilities and is underpinned by approximately 773 TJ/d (722 MMcf/d) of firm-service contracts with eight-year minimum terms.

NGTL System/Foothills West Path Delivery Program On March 2, 2022, we received further regulatory approvals related to $0.5 billion of facilities, with the remaining approval anticipated in fourth quarter 2022. As a result of terrain complexity, current market conditions, material and labour cost increases and additional permitting conditions, the Canadian portion of the West Path Delivery Program has an estimated capital cost of $1.5 billion, with the first of the facilities' in-service dates anticipated in fourth quarter 2022 and the remaining facilities throughout 2023. The program consists of approximately 107 km (66 miles) of pipelines and associated facilities and is underpinned by 275 TJ/d (258 MMcf/d) of new firm-service contracts with terms that exceed 30 years.

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