TransCanada Corporation announced that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), has signed agreements with Progress Energy Canada Ltd. (Progress) for approximately two billion cubic feet per day (Bcf/d) of firm gas transportation services to underpin the development of a major pipeline extension of the NGTL System.

"The proposed North Montney Mainline project will provide substantial new capacity on the NGTL System in response to the rapidly increasing development of natural gas resources in northeastern British Columbia," said Karl Johannson, executive vice-president and president, Natural Gas Pipelines. "The long term, large volume commercial commitments that have been secured provide strong support for the project, which will contribute positively to the overall NGTL System."

Tags: TransCanada Corporation