TransCanada Scraps Gas Pipe Open Season

摘要

Calgary-based TransCanada is stepping back from its bid to recapture central Canadian gas markets lost to US shale producers, announcing Tuesday it had scrapped its plan to secure long-term contracts with Alberta gas shippers by offering substantial discounts on its venerable Mainline gas network. "The open season for the proposed service resulted in bids that fell well short of the volumes required to make the proposal viable," the pipeline giant said.