ALGONQUIN TO PROVIDE NORTHEAST GATEWAY PROJECT NATURAL GAS PIPELINE CONNECTION
BOSTON -- Algonquin Gas Transmission, LLC today filed an application with the Federal Energy Regulatory Commission to construct, own and operate a 16-mile pipeline that will connect Algonquin’s New England-area natural gas pipeline system to Excelerate Energy’s proposed Northeast Gateway deepwater liquefied natural gas (LNG) port.
The 24-inch-diameter pipeline will connect Algonquin’s existing pipeline in Massachusetts Bay to the facility about 13 miles off the coast. The pipeline will have the takeaway capacity to transport 800,000 dekatherms of re-gasified natural gas per day coming from the LNG port. A mid-2007 in-service date is anticipated.
Algonquin is a Duke Energy Gas Transmission (DEGT) pipeline.
"DEGT’s geographic position and coastal access are ideal for bringing needed natural gas infrastructure to the region and natural gas supply to New England customers," said Greg Rizzo, a group vice president for Duke Energy Gas Transmission.
"The Northeast Gateway project will further enhance the reliability and flexibility of the northeastern pipeline grid and advance Algonquin’s development as a regional natural gas header system. This is a great opportunity both to connect a new supply source in close proximity to the market and increase the supply and delivery options available to our customers."
In February, Algonquin and Excelerate executed a binding precedent agreement that sets forth the commercial terms under which Algonquin would provide firm transportation service to Excelerate on the Northeast Gateway project, subject to satisfaction of certain conditions. The companies are pursuing applications for the necessary state and federal permits to construct the pipeline and port respectively.
The companies have been actively working with local stakeholders for many months in preparation for the permitting process. The community outreach will continue throughout the construction and operation of the project.
Duke Energy Gas Transmission is a North American leader in developing natural gas energy infrastructure, connecting major natural gas supply sources to growing markets. Based in Houston, Texas, the company’s assets and operations include more than 17,500 miles of transmission pipeline and about 250 billion cubic feet of storage capacity in Canada and the United States along with gathering, processing and distribution operations in Canada. More information on DEGT can be found at: http://www.duke-energy.com/businesses/companies/degt.asp
Duke Energy is a diversified energy company with a portfolio of natural gas and electric businesses, both regulated and unregulated, and an affiliated real estate company. Duke Energy supplies, delivers and processes energy for customers in the Americas. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: http://www.duke-energy.com.