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Progress made on TransCanada’s PRGT and North Montney projects

TransCanada reaches significant milestone: Pacific NorthWest LNG makes positive final investment decision subject to two conditions. Company also receives federal approval of North Montney project.
Progress made on TransCanada’s PRGT and North Montney projects

TransCanada Corp. announced that its Prince Rupert Gas Transmission Project (PRGT) has reached an important milestone with a positive final investment decision, subject to two conditions, from Pacific NorthWest LNG (PNW LNG) for the proposed PNW LNG liquefaction and export facility in the District of Port Edward in B.C.

“This development is a significant step forward,” said Russ Girling, TransCanada's president and chief executive officer. “The conditional positive final investment decision advances a key component of TransCanada's US$46 billion capital growth plan, which includes more than $13 billion in proposed natural gas pipeline projects which support the emerging liquefied natural gas industry on the British Columbia Coast.”

TransCanada remains on target to begin construction in 2015 and bring the pipeline into service in 2019-2020. The 900km (559 mi) natural gas pipeline will deliver gas from the North Montney producing region near Fort St. John, B.C. at an interconnect on the NGTL System to the proposed PNW LNG liquefaction and export facility planned for Lelu Island, south of Prince Rupert.

In a related announcement, the government of Canada announced a decision to accept the National Energy Board’s (NEB) recommendation to approve the North Montney Mainline Pipeline project, subject to certain conditions. The project will connect Montney and other western Canadian sedimentary basin supply to existing and new natural gas markets including the proposed Pacific NorthWest LNG terminal through its interconnect with PRGT.

TransCanada operates a network of natural gas pipelines that extends more than 68,000km (42,100 mi), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with 368 Bcf of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,900 megawatts of power generation in Canada and the United States.

Image: PRGT project planning/TransCanada

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