Western Canada Awaiting Surfeit of Natural Gas as Three Pipeline Projects Inch Forward

摘要

Three natural gas pipeline projects that combined would carry up to 3.7 Bcf/d to Western Canada are racing toward regulatory approval, but if all three pass muster, it could be the worst possible outcome for shippers, an analysis indicates. Sanford C. Bernstein & Co. LLC analysts Jean Ann Salisbury and Bob Brackett in an overview Wednesday highlighted the issues for Canada that face the three projects, two from Appalachia and one by TransCanada Corp., which seek to carry a total 3.7 Bcf/d of take-or-pay gas: Energy Transfer Partners LPs Rover newbuild, with total capacity of 3.25 Bcf/d, would move gas from the southwestern Marcellus Shale to Ontario via Vector, with 1.2 Bcf/d targeting the Dawn/Ontario market. Rover expects to receive a FERC certificate by the end of the year (see Shale Daily, July 29). Nearly all capacity is subscribed (95%- plus), all by exploration and production companies, with service set for year-end 2017.