East Tennessee Natural Gas System Sees Highly Successful Open Season for Greenway Project
Posted on: Thursday, 6 March 2008, 18:00 CST
HOUSTON, March 6 /PRNewswire-FirstCall/ -- Spectra Energy Partners, LP announced today that its open season for the Greenway Project resulted in bids totaling in excess of 900,000 dekatherms per day for expansion capacity on its East Tennessee Natural Gas (ETNG) System. The non- binding open season closed on February 29, 2008.
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"We received bids from about 30 different shippers including off-system customers, demonstrating system-wide demand from both producer and end use market segments," said Pat Gibson, vice president, East Tennessee Natural Gas, L.L.C. "We will be working to further develop the final scope and timing that best meets the needs of the customers."
The project could begin providing phased-in service by the end of 2008, with additional capacity able to be added through 2012. Incremental expansion will be constructed as needed and existing rights of way will be used to the fullest extent practical in order to minimize environmental and landowner impacts. Next steps after developing the project scope will be to negotiate definitive agreements with shippers and initiate public outreach.
The ETNG system is a 1,400 mile pipeline with approximately 1.3 billion cubic feet (Bcf) per day of capacity located in the heart of the Appalachian natural gas supply basin. It provides access for the growing Appalachian natural gas production to reach critical markets in the Mid-Atlantic and Eastern regions of the United States.
Spectra Energy Partners, LP is a Delaware limited partnership that owns interests in natural gas transportation and storage assets in the United States. Spectra Energy Partners' assets include the East Tennessee Natural Gas system, a 1,400-mile natural gas transportation pipeline located in the Southeastern United States, and 24.5 percent of Gulfstream Natural Gas System, L.L.C., which owns a 690-mile natural gas pipeline that connects Mobile Bay to the central Florida peninsula through the Gulf of Mexico. The combined systems are capable of transporting 2.4 billion cubic feet (Bcf) of natural gas per day. Spectra Energy Partners also owns 50 percent of Market Hub Partners, a partnership that owns high deliverability salt cavern storage assets capable of storing 35 Bcf of natural gas. For more information see http://www.spectraenergypartners.com/.
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Spectra Energy Partners, LP
CONTACT: Sean Blakley, Spectra Energy Partners, LP, +1-713-627-4963
Web site: http://www.spectraenergypartners.com/http://www.spectraenergy.com/
Source: PRNewswire-FirstCall
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