Natural Gas News – February 19, 2018

By Published On: February 19, 2018Categories: Daily Natural Gas Newsletter, Uncategorized

Natural Gas News – February 19, 2018

TransCanada to Move Ahead with $1.9bn NGTL Pipeline Expansion Project

Energy Business Review reported: TransCanada has decided to proceed with the C$2.4bn ($1.9bn) expansion of its NOVA Gas Transmission (NGTL) system in Alberta, Canada to help increase market access for suppliers in Western Canadian Sedimentary Basin (WCSB). TransCanada’s wholly-owned subsid-iary NGTL will be responsible for the expansion of the pipeline system. Construction on the project is expected to commence in 2019. The project is aimed at expanding the capacity of the NGTL system by constructing five pipeline sections to meet additional needs of natural gas shippers. It also involves the construction of compression facilities, meter stations and other associated facilities. Earlier, TransCanada’s NGTL has signed binding agreements with shippers for incremental firm receipt service, effective from April 2021. The contracts involves shipping of 620 million cubic feet of natural gas per day in total which will be sourced from the Montney, Deep Basin and Duvernay plays and supplied through the NGTL System, the company said.

Oil and Natural Gas Industry Praises Infrastructure Proposal, Permitting Streamlining

Newburgh Gazette reported: President Trump reportedly endorsed the idea of a 25 cent-per-gallon gas increase at a Wednesday meeting with lawmakers. Republican Sen. Charles Grassley said raising the tax was unlikely to even come up for a vote in the Senate. The endorsement comes as White House and congressional Republicans are weighing the first increase in the federal gasoline tax in 25 years, a proposal that could dampen demand. Newburgh Gazette. A 25 cent gas tax hike would increase the current tax from 18.3 cents to 43.3 cents per gallon.

This article is part of Daily Natural Gas Newsletter


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