CHATHAM, ON, July 19 /CNW/ - With continued development of the Marcellus Shale natural gas supply basin and shippers' increased interest in transportation services to and from the Dawn Hub, Union Gas Limited is re-opening a non-binding open season to determine market interest in transportation services that will facilitate shippers' ability to connect these new supplies with storage capacity at Dawn and to access its liquid market. The new transportation services could be available as early as November 2011.
"The new services offer enhanced flexibility by allowing shippers access to the Dawn Hub and the ability to deliver gas to all downstream consuming markets in Ontario, Quebec or the U.S. Northeast," said Allen Capps, vice president, business development, storage and transmission, Union Gas. "Attracting Marcellus Shale natural gas production and other new supply to the Dawn Hub will further enhance its market depth and overall liquidity."
The three transportation services being offered are:
- A new firm westerly C1 transportation service from Kirkwall to Dawn
for shippers who deliver gas to Union Gas at Kirkwall on the Union Gas
system and want access to the Dawn Hub.
- A new enhanced M12-X transportation service that allows shippers
delivery point flexibility to transport gas on a firm bi-directional
basis between Kirkwall, Parkway and Dawn.
- For shippers who deliver gas at Dawn, Union Gas also is offering its
easterly firm M12 transportation service to deliver gas at either
Parkway or Kirkwall in order to reach growing markets in Ontario,
Quebec, and the U.S. Northeast.
The rates for the two new services are subject to Ontario Energy Board approval.
The open season closes on Wednesday, August 25, 2010. For additional information, visit uniongas.com/openseason or contact your sales representative or Tina Hodgson, Union Gas Limited, (519) 436-4606, email@example.com.
About Union Gas
Union Gas is an integrated natural gas storage, transmission and distribution company serving approximately 1.3 million customers, and is a Spectra Energy company. Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 19,100 miles of transmission pipeline, more than 285 billion cubic feet of storage, as well as natural gas gathering and processing, natural gas liquids operations and local distribution assets. The company also has a 50 percent ownership in DCP Midstream, one of the largest natural gas gatherers and processors in the United States. Spectra Energy is a member of both the Dow Jones Sustainability Index North America and the U.S. S&P 500 Carbon Disclosure Leadership Index. For more information, visit www.spectraenergy.com.
This news release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The statements in this news release regarding future events and other statements that are not historical facts are forward-looking statements. Forward-looking statements represent Spectra Energy's intentions, plans, expectations, assumptions and beliefs about future events. This release includes forward-looking statements concerning future capital developments, including the anticipated timing of planned capital expansions and anticipated pipeline capacity resulting from such expansions. Such statements are subject to risks, uncertainties and other factors, many of which are outside the control of Spectra Energy and could cause actual results to differ materially from the results expressed or implied by those forward-looking statements.
Those factors include: the timing and success of efforts to develop infrastructure projects; the timing and receipt of required regulatory approvals; the timing and receipt of sufficient capacity commitments for the described project; fluctuations in the demand for natural gas in the markets serviced by the described project. These factors, as well as additional factors that could affect such forward-looking statements, are described in Spectra Energy's filings with the SEC. These filings are available via the SEC's website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Union Gas Limited
For further information: For further information: Andrea Stass, Manager, Public Affairs and Media Relations, Union Gas Limited, Ph: 519 436-5490 or 1-800-571-8446 ext. 5490, Cell: 519 365-1010, Fax: 519 436-4621, E-mail: firstname.lastname@example.org