Oil, Gas and Consumable Fuels
Company Overview of Nova Gas Transmission Ltd.
NOVA Gas Transmission Ltd. owns and operates natural gas transmission system in Alberta and northeastern British Columbia, Canada. The company’s system, covering an area of approximately 24,373 kilometers, collects and transports natural gas for use in Alberta, as well as connects to pipelines at the provincial borders for export to Canada and the United States. NOVA Gas Transmission Ltd., through its subsidiary, TransCanada Pipeline Ventures Limited Partnership, operates a 161 kilometers pipeline supplying natural gas to the oil sands region of northern Alberta; and a 27 kilometers pipeline supplying natural gas to a petrochemical complex at Joffre, Alberta. The company is based in Calgary,...
450 - 1 Street S.W.
Calgary, AB T2P 5H1
Key Executives for Nova Gas Transmission Ltd.
President, Director and Executive Vice President of Gas Transmission - TransCanada PipeLines Limited
Chairman, Chief Compliance Officer, Executive Vice President, Executive Vice President of Law - TransCanada Pipelines Limited and General Counsel of TransCanada Pipelines Limited
Chief Financial Officer, Executive Vice President, Treasurer, Director, Chief Financial Officer of TransCanada Pipelines Limited and Executive Vice President of Corporate Development - TransCanada Pipelines Limited
Executive Vice President of Operations, Executive Vice President of Engineering, Executive Vice President of Operations - TransCanada PipeLines Limited and Executive Vice President of Engineering -TransCanada PipeLines Limited
Vice President, Corporate Secretary, Vice President of TransCanada PipeLines Limited and Corporate Secretary of TransCanada PipeLines Limited
Compensation as of Fiscal Year 2015.
Nova Gas Transmission Ltd. Key Developments
NGTL System Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 31 15
NGTL System announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of CAD 66 million to CAD 58 million compared to CAD 58 million reported in the same period of 2014. Comparable EBITDA was CAD 227 million against CAD 205 million reported last year.
For the six months, the company reported net income of CAD 130 million to CAD 121 million compared to CAD 58 million reported in the same period of 2014. Comparable EBITDA was CAD 449 million against CAD 424 million reported last year.
Nova Gas Transmission Ltd. Announces $2.7 Billion of New System Expansions
Nov 4 14
TransCanada Corporation announced that its wholly-owned subsidiary, NOVA Gas Transmission Ltd. (NGTL), will contract approximately 4.0 billion cubic feet per day (Bcf/d) of firm new contracts that will lead to a system expansion through to 2017 of up to $2.7 billion. TransCanada has received requests from multiple parties for significant volumes of new firm services on the NGTL System. The NGTL System currently transports more than three-quarters of total WCSB production to markets within the basin and to downstream Canadian and U.S. export markets. This demand for services is expected to result in a total of approximately 4.0 Bcf/d of incremental firm service contracts. Approximately 3.1 Bcf/d of this volume relates to firm receipt service and about 0.9 Bcf/d relates to firm delivery service. The estimated capital cost for the 2016/2017 expansion program is approximately $2.7 billion. The investment includes multiple projects that total 540 kilometres (336 miles) of 20 to 48-inch diameter pipeline, seven compressors, 40 meter stations and other associated facilities. Applications to construct and operate the various components of the 2016/2017 expansion program will be filed with the National Energy Board between fourth quarter 2014 through third quarter 2015. Subject to regulatory approvals, construction should start in 2016 with all facilities expected to be in service by second quarter of 2017.
Transcanada Proceeds with $1.9 Billion Merrick Mainline Pipeline Project
Jun 4 14
Nova Gas Transmission Ltd. has signed agreements with Chevron Canada Limited (CVX) and an Apache Canada Ltd. wholly-owned and controlled partnership (APA) for approximately 1.9 billion cubic feet per day (Bcf/d) of firm natural gas transportation services to underpin the development of a major extension of TransCanada's NGTL System. The proposed Merrick Mainline Pipeline Project will be a significant new link in British Columbia's emerging liquefied natural gas (LNG) export market. The pipeline will transport natural gas sourced through the NGTL System to the inlet of CVX/APA's proposed Pacific Trail Pipeline (PTP) that will terminate at the Kitimat LNG Terminal at Bish Cove near Kitimat, B.C. The proposed project will be an extension from the existing Groundbirch Mainline section of the NGTL System beginning near Dawson Creek, B.C. to its end point near the community of Summit Lake, B.C. The $1.9 billion project will consist of approximately 260 kilometres (161 miles) of 48-inch diameter pipe.
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