Maritimes & Northeast Pipeline Phase IV Construction Underway
05 Septembre 2007 - 1:00PM
PR Newswire (US)
Expansion to Bring Vital Supplies of Natural Gas to the Northeast
U.S. and Maritime Provinces WALTHAM, Mass., Sept. 5 /PRNewswire/ --
Construction on the Maritimes & Northeast Pipeline, L.L.C.
(Maritimes) system is underway to: -- double the capacity of the
existing natural gas pipeline; and -- allow for the delivery of
significant new volumes of natural gas to growing markets in the
Northeast U.S. and Maritimes Provinces. When the $320 million Phase
IV Project is completed, the year-round mainline design capacity of
the Maritimes system will increase by approximately 400 million
cubic feet per day (Mmcf/d) to almost 800 Mmcf/d. Firm
transportation capacity of 700 Mmcf/d will be held by Repsol Energy
North America, the subsidiary of Repsol YPF that will sell its
regasified liquefied natural gas (LNG) in the US marketplace. "As
construction progresses, Maritimes remains on schedule to begin
delivering critically needed natural gas supply to markets next
year," said Doug Bloom, president, Maritimes & Northeast
Pipeline. "The efficient expansion of the Maritimes system will
enhance the reliability of natural gas supply and provide more
energy options for consumers throughout the region." Maritimes will
transport on its existing pipeline system regasified LNG sourced
from the Canaport(TM) LNG receiving and re-gas terminal currently
being constructed in Saint John, New Brunswick. Canaport(TM) LNG is
a limited partnership of subsidiaries of Repsol YPF and Irving Oil
Limited. Repsol Energy Canada has contracted for 100% of
Canaport(TM) LNG's capacity. "Construction of Canaport(TM) LNG
continues on schedule and will commence operations during fourth
quarter 2008," said Phil Ribbeck, chairman of the executive
committee of Canaport(TM) LNG and director of LNG North America for
Repsol YPF. "We are working diligently in concert with the
pipelines to ensure that safe, clean and secure energy will reach
the market in a timely manner, supporting its current and future
needs." This year Maritimes will construct new compressor stations
in Searsmont and Brewer, Maine, and make modifications to an
existing compressor station in Richmond, Maine. In 2008,
construction will include new compressor stations in Woodchopping
Ridge, Westbrook, and Eliot, Maine, and approximately 1.7 miles of
30-inch diameter pipeline in Baileyville, Maine, along with
modifications to existing meter facilities in Baileyville, Maine
and Dracut, Mass. Maritimes & Northeast Pipeline, L.L.C. is
owned by affiliates of Spectra Energy Corp (77.53 percent), Emera
Inc. (12.92 percent) and ExxonMobil Corporation (9.55 percent).
Maritimes is headquartered in Halifax, Nova Scotia, with an
additional office in Waltham, Mass. Operations centers are located
in Fredericton, New Brunswick; New Glasgow, Nova Scotia; Greenland,
New Hampshire; and Richmond, Brewer and Baileyville, Maine. For
more information, please contact Maritimes on the Internet at
http://www.mnpp.com/. DATASOURCE: Maritimes & Northeast
Pipeline, L.L.C. CONTACT: Marylee Hanley, +1-617-560-1573, or
24-hour media line, +1-713-627-4747, Stephen Rankin,
+1-902-425-4293, or 24-hour media line, +1-713-627-4747, both of
Maritimes & Northeast Pipeline, L.L.C.; or Analysts: John
Arensdorf of Spectra Energy, +1-713-627-4600, for Maritimes &
Northeast Pipeline, L.L.C. Web site: http://www.mnpp.com/
http://www.spectraenergy.com/
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