Calgary, Alberta-based Veresen Inc. plans to develop a $140 million ethane storage facility in Saskatchewan, and it said it has a 20-year contract with NOVA Chemicals Corp. to take the majority of the capacity. The facility on the Alberta-Saskatchewan border is close to the Empress, Alberta natural gas liquids processing facility and is expected to attract growing supplies of ethane from the Bakken Shale in North Dakota. The salt cavern facility will have a capacity of 1 million bbl of ethane and will be connected via pipeline to Veresen's ethane gathering system in southeast Alberta. Assuming it gets timely regulatory approvals, the new storage facility is expected to be in service in the second half of 2018.
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.