CHICAGO TransCanada Corp.
plans to spend approximately Canadian $6 billion ($6.1 billion)
on two natural gas export projects in British Columbia.
The C$5-billion ($5.1-billion)
Prince Rupert gas transmission project is expected to run
large-diameter line pipe 470 miles to a recently announced
liquefied natural gas (LNG) export facility near Prince Rupert,
British Columbia, from the North Motney shale gas region near
Fort St. John, British Columbia, the Calgary, Alberta-based
energy infrastructure company said Wednesday.
TransCanada was selected by
Calgary-based Progress Energy Canada Ltd. to design, build and
operate the project, which is expected to be in service by
2018, pending regulatory and other approvals, it said.
"The proposed Prince Rupert gas
transmission project will allow British Columbians, and all
Canadians, to continue to benefit from the responsible
development of the growing supply of natural gas resources in
the Western Canada Sedimentary Basin," TransCanada president
and chief executive officer Russ Girling said in a
TransCanada is also looking to
expand its existing Nova Gas Transmission Ltd. (NGTL) system in
northeastern British Columbia to connect to both the Prince
Rupert Gas Transmission project and additional gas supplies
from the North Motney region, it said.
The extension of the NGTL system
is expected to cost between C$1 billion and C$1.5 billion
($1.01 billion to $1.52 billion), TransCanada said, noting that
the project is likely to be in service by the end of 2015.