PIPELINES / Nova Gas Transmission transports Record Natural Gas Volume
CALGARY, Feb. 18 /CNW/ - In 1997, for the eleventh successive year, NOVA
Gas Transmission Ltd. (NGT) delivered record volumes of natural gas on behalf
of Western Canada producers. The Alberta-based gas transmission company
shipped approximately 4.5 trillion cubic feet (Tcf) of natural gas in 1997, up
from the 4.4 Tcf shipped in 1996.
On a daily basis, 1997 deliveries averaged 12.3 billion cubic feet (Bcf),
up from 12.1 Bcf in 1996. Export deliveries for the year increased to 3821
Bcf, up 2.3 per cent from 3735 Bcf in 1996. On January 11, 1997, NGT also
broke its record for daily gas volumes, shipping 13.85 Bcf through its
pipeline system.
''Eleven years of record deliveries reflect continuing strong North
American demand for Alberta natural gas, and highlight NGT's unmatched
reliability, convenience and flexibility,'' said Russ Wells, Vice President
for Customer. ''We've steadily improved our services at customer request, and
yet we've kept unit costs flat over the period. We anticipate greater volume
growth on our system this year and next, corresponding to capacity expansions
of more than one Bcf on interconnecting downstream pipelines.''
Prices for Alberta natural gas averaged approximately $2.00 per thousand
cubic feet during 1997. Using this average, the NGT marketable gas shipments
in 1997 would be valued at more than $8.6 billion.
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Natural gas transported through NGT's system
January - December 1997
(billion cubic feet)
1997 1996 Per Cent Change
Gas leaving Alberta 3821 3735 2.3
Gas used in Alberta 595 634 -6.2
Used by NOVA/other 60 54 12.1
Total Deliveries 4476 4422 1.2
Average Daily Deliveries 12.26 12.08 1.5
Empress Border (1) 2285 2235 2.2
McNeill Border (2) 561 562 -0.2
Alta/B.C. Border (3) 904 866 4.4
Other Exports 71 71 0.9
(1) Gas destined for central Canada/eastern and midwest United States
(2) Gas destined for the U.S. Midwest
(3) Gas destined for western U.S./California
NOTE: Volumes may not add up due to rounding.
>>
NGT is a wholly-owned subsidiary of NOVA Corporation. NGT's 22,250
kilometre pipeline system is the primary natural gas transportation system in
Alberta, Canada. NGT's system transports more than 18 per cent of the natural
gas produced annually in North America. |
