Nova Gas Transmission

May Natural Gas Futures Jump as NGTL Pipeline Incident Rattles Market

May Natural Gas Futures Jump as NGTL Pipeline Incident Rattles Market

Natural gas futures jumped higher Tuesday afternoon after reports of a pipeline incident in Alberta broke up an otherwise quiet shoulder season day of trading. At A Glance: Production at 97.4 Bcf/d Weak spring season demand National Avg. back above $1 The May Nymex contract rose 4.1 cents day/day to settle at $1.732/MMBtu. Futures spiked…

April 16, 2024
Canada’s NGTL Secures LNG Export Toll Approval as Liquefaction Projects Advance

Canada’s NGTL Secures LNG Export Toll Approval as Liquefaction Projects Advance

Entry into the global LNG trade has been granted to TC Energy Corp.’s supply collection grid, Nova Gas Transmission Ltd. (NGTL), by a favorable decision on pipeline access to export terminals on the Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) approved an NGTL bargain toll for overseas sales of BC and…

September 18, 2023
Western Hubs Surge as Natural Gas Forwards Strengthen on Hotter June Outlook

Western Hubs Surge as Natural Gas Forwards Strengthen on Hotter June Outlook

With forecasts finally flashing more impressive heat over southern U.S. markets to strengthen the cooling demand outlook, natural gas forwards rallied during the June 1-7 trading period, NGI’s Forward Look data show. July fixed prices at benchmark Henry Hub added 6.1 cents during the period to finish at $2.328/MMBtu. Most Lower 48 hubs finished in…

June 9, 2023
TC Energy Eyeing Alberta Natural Gas Egress as CGL, Southeast Gateway Advance

TC Energy Eyeing Alberta Natural Gas Egress as CGL, Southeast Gateway Advance

TC Energy Corp. is working to expand natural gas takeaway capacity from the Western Canadian Sedimentary Basin (WCSB) amid record demand for the fuel across North America, management said. CEO François Poirier hosted a conference call last Friday to discuss the Calgary-based pipeline giant’s first quarter earnings. He was joined by Greg Grant, president of…

May 1, 2023
NGTL’s West Path Gains Permit to Increase U.S. Natural Gas Deliveries

NGTL’s West Path Gains Permit to Increase U.S. Natural Gas Deliveries

After a 19-month regulatory case that generated a 293-page decision, approval has been recommended for the first Canadian pipeline project reviewed under rules enacted by the federal government in its 2019 Impact Assessment Act. The Canada Energy Regulator (CER) tacked 34 conditions and two national policy suggestions onto the recommended permit for TC Energy Corp.…

May 31, 2022
NGTL’s 3.5 Bcf/d Expansion Gets Green Light for December Construction Start

NGTL’s 3.5 Bcf/d Expansion Gets Green Light for December Construction Start

Construction is scheduled to start in December on a 3.5 Bcf/d capacity expansion by TC Energy Corp.’s supply collection network in Alberta and British Columbia, Nova Gas Transmission Ltd. (NGTL). The Calgary pipeline conglomerate set the target date Tuesday for the C$2.3 billion ($1.7 billion) project, dubbed the 2021 NGTL System Expansion after the federal…

October 21, 2020

TransCanada Suspends Nova Gas Transmission Addition Due to Kitimat LNG Delay

Work has been suspended on a C$1.9 billion ($1.4 billion) planned British Columbia (BC) addition to TransCanada Corp.’s western supply collection network, Nova Gas Transmission Ltd. (NGTL) until shippers set a schedule for the long-proposed liquefied natural gas (LNG) export project in Kitimat.

February 5, 2016