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TransCanada’s natural gas pipeline deal with producers just saved the industry from losing US$25 billion: analysts [Financial Post (Toronto, Ontario, Canada)]

TRANSCANADA (TRP)  More Company Research Source: Financial Post
Last transcanada earnings: 4/27 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
PDF TransCanada’s natural gas pipeline deal with producers just saved the industry from losing US$25 billion: analysts CALGARY – Western Canadian natural gas producers could get a US$25 billion boost in revenues with a pipeline shipping deal struck with TransCanada Corp. on Monday, analysts said. TransCanada Corp. announced Monday that domestic gas producers agreed to send 1.5 billion cubic feet per day more gas between Empress, Alta. and Dawn, Ont. on its underutilized mainline over the next 10 years. The move is intended to send more Canadian gas to the Southern Ontario market before competing pipelines from Pennsylvania are built and crowd domestic gas out of the region. Analysts say the deal will also save producers in Alberta and B.C. billions of dollars of lost revenues from lower prices and a smaller share of the market. Solomon and Associates director, gas services Cameron Gingrich said producers would have lost a major market without the deal, and the lack of a deal would have al [Read more]

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