Pipelines

The recent sale of 1 million shares of Tom Brown Inc. stock toan undisclosed investor garnered Lakewood, CO-based KN Energy about$29 million in cash and should help the company digest itsacquisition of Kinder Morgan Inc.

The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.

The first fruit has fallen from the new Canadian tree ofcompetition among natural gas transporters, as TransCanadaPipeLines prepares to auction spare capacity that is developing onits system.

A continental supply and demand analysis released by TransCanadaPipelines in its most recent Update projects the North American gasmarket will grow to 87 Bcf/d by 2010 from 68 Bcf/d in 1998, a 28%increase, with gains made in every region of the continent.

The recent agreement between TransCanada PipeLines and theNorthwest Territories (NWT) (See Daily GPI, July 29) makes it plainthat both parties have their sights set on bigger game thanrelatively modest pipeline extensions into the southern part of theTerritories. After lying dormant for a decade, visions are revivingof a route extending all the way to the Mackenzie Delta and theBeaufort Sea to tap an estimated 13 Tcf or more of reserves foundin a 1970s drilling boom.

The recent agreement between TransCanada PipeLines and theNorthwest Territories (NWT) (See NGI, Aug. 2) makes it plain thatboth parties have their sights set on bigger game than relativelymodest pipeline extensions into the southern part of theTerritories. After lying dormant for a decade, visions are revivingof a route extending all the way to the Mackenzie Delta and theBeaufort Sea to tap an estimated 13 Tcf of reserves found in a1970s drilling boom.

TransCanada PipeLines has announced an agreement with the Government of the Northwest Territories (GNWT) to build a direct connection between the rapidly developing reserves in the southern part of the territories and the TransCanada mainline.

TransCanada PipeLines has announced an agreement with theGovernment of the Northwest Territories (GNWT) to build a directconnection between the rapidly developing reserves in the southernpart of the territories and the TransCanada mainline.

It’s been a year since the completion of its C$11 billion mergerwith Nova Corp., but TransCanada Pipelines finally came through onpromised savings yesterday. The pipeline company said it will give$70 million in merger-related savings to its pipeline customersthrough “targeted operating cost reductions.” An agreement on thereductions was filed with Canada’s National Energy Board and theAlberta Energy and Utilities Board yesterday.