National Energy Board Recommends Approval of $1.4 Billion North Montney Mainline Project Variance [Canadian Business Journal (Canada)]
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Source: Canadian Business Journal
National Energy Board Recommends Approval of $1.4 Billion North Montney Mainline Project Variance CALGARY, Alberta, May 24, 2018 (GLOBE NEWSWIRE) — TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced today that the National Energy Board (NEB) has recommended the federal government approve a variance to the previously issued North Montney Mainline Project certificate, which would allow construction to start on the proposed $1.4 billion natural gas project in northeast British Columbia. The project is being advanced by TransCanada’s wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), as an expansion of the existing NGTL System. It is backed by 20-year commercial contracts with 11 shippers to transport approximately 1.5 billion cubic feet (1.6 million gigajoules) of natural gas per day. “We are pleased with the NEB’s decision on the North Montney Mainline Project. These facilities are critical to the timely and economic developme
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