AltaGas Ltd. reported that its wholly owned subsidiary, Pacific Northern Gas Ltd. (PNG), and LNG Partners, LLC (LNGP) have amended their agreement for 80 MMcf per day of firm gas transportation service on PNG's Western B.C. system. The amendments include a six month extension to LNGP's exclusive option on the 80 MMcf per day of firm capacity available on PNG's western transmission system and the lengthening of the term of the Transportation Service Agreement to 30 years. The start date for the service is to be on or before March 31, 2015 if the option is exercised.
"We are pleased to provide the opportunity for LNGP to transport its natural gas to its liquefied natural gas export facilities in the Kitimat area", said David Cornhill, Chairman and CEO of AltaGas. "AltaGas continues to use its strategically located assets to contribute to the development of northwest B.C. and benefit our utility customers while enhancing shareholder value".