Natural gas companies shut in production in Alberta after force majeur on Alliance export pipeline [Financial Post (Toronto, Ontario, Canada)]
Enbridge Inc (ENB)
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Source: Financial Post
Natural gas companies shut in production in Alberta after force majeur on Alliance export pipeline CALGARY – Canadian natural gas producers have been forced to shut in their production after Alliance Pipeline L.P. declared a force majeur Tuesday on its export pipeline to Chicago, which analysts say will negatively affect gas prices. Alliance Pipeline, a joint venture between Enbridge Inc. and Veresen Inc., announced that heavy rain in northwestern Alberta caused sections of its mainline, which delivers 1.6 billion cubic feet of gas per day to Chicago, to shift and the company would reduce service on its line as it investigates the problem. The line’s outage is impacting 500 million cubic feet of natural gas production and would negatively affect gas prices at the Station 2 pricing hub in B.C. and the AECO pricing hub in Alberta, Solomon Associates director, gas services Cameron Gingrich said. Given large volumes of gas production and limited pipeline capacity, producers face price dis
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