TransCanada has submitted a variance application with the National Energy Board to advance the development of the North Montney Mainline (NMML) Project located in north-east British Columbia.
The company was previously granted necessary federal and provincial approvals to construct NMML, subject to multiple conditions, including a positive final investment decision on the proposed Pacific Northwest LNG (PNW) Project.
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The applied variance, if granted, will enable TransCanada to proceed with the construction of the majority of the NMML Project that carries an estimated cost of nearly $1.4bn, prior to a final investment decision on the PNW LNG project.
To support the variance for the NMML Project, TransCanada has received new 20-year commercial contracts with 11 shippers for nearly 1.5bcf/d of firm service.
TransCanada natural gas pipelines executive vice president and president Karl Johannson said: “This project adds significant pipeline capacity that connects new gas supplies from the prolific Montney basin to the NGTL System and will provide access to markets across North America.
“This investment further affirms our commitment to build key natural gas infrastructure in B.C. and ensures that the NGTL System can continue to efficiently and competitively meet the transportation needs of our customers.
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By GlobalData“The North Montney Mainline Project will provide new jobs and economic benefits for governments and communities, while supporting further upstream resource investment in B.C.”
The company intends to start construction of this project in the first half of next year, subject to regulatory approvals.
The associated facilities would start operating gradually, beginning in April 2019.
TransCanada operates a wide network of natural gas pipelines, totalling more than 91,500km in North America.
