BROSSARD, QC, March 26 /CNW Telbec/ - TQM Pipeline (TQM (Gazoduc Trans
Québec & Maritimes Inc.) announced today the stoppage of its pipeline project
aimed at joining the Cacouna Energy LNG Terminal located at Cacouna, near
Rivière-du-Loup, to a junction point on its existing transmission system
located in Lévis. This announcement follows notification to TQM Pipeline by
its client that it had decided to withdraw it request for transportation
service. The 250 km long pipeline project known as "Eastern Access", required
an investment of an estimated $760 million dollars and was to have been
submitted to the applicable federal and provincial regulatory agencies over
the course of the year 2008, after having been the object of an environmental
impact study and public consultation.
About TQM Pipeline
Founded in 1980, TQM Pipeline is owned equally by Gaz Métro and
TransCanada. Since 1982, TQM Pipeline has operated a 572-kilometre network of
pipelines in Quebec for the transportation of natural gas. The initial section
links a TransCanada network connection point at Les Cèdres, west of Montreal,
to Saint-Nicolas on the south shore of the Saint Lawrence River near Quebec
City. The TQM Pipeline network also includes a second pipeline from Lachenaie,
east of Montreal, to East Hereford at the New Hampshire border, where it
connects to PNGTS (Portland Natural Gas Transport System).
TQM Pipeline has assets valued at close to $500 million.
For further information:
For further information: Philippe Batani, (514) 880-3473; Source: TQM
Pipeline, EasternAccess TQM Pipeline