March 2016, Vol. 243, No. 3
In The News
Enbridge Acquires Gas Plants/Pipelines in British Columbia
Enbridge Inc. announced a $538 million acquisition of Tupper Main and Tupper West gas plants and associated pipelines in northeastern B.C. from the Canadian subsidiary of Murphy Oil Corp.
“This acquisition fits extremely well with Enbridge’s low-risk value proposition and supports our key priority of extending and diversifying growth,” said C. Gregory Harper, president of Gas Pipelines and Processing. “These assets, which are currently in operation, are underpinned by long-term contracts that generate highly predictable cash flows. They also enhance our natural gas footprint within the Montney, one of the most attractive gas plays in North America, and add gas processing services in proximity to our existing Sexsmith gathering system.”
Located 35 km southwest of Dawson Creek, B.C., the Tupper Main and Tupper West plants are adjacent to Enbridge’s Sexsmith gathering system and near the Alliance pipeline, which is 50% owned by Enbridge Income Fund. Tupper Main was placed into service in 2008 and has a licensed capacity of 110 MMcf/d. Tupper West went into service in 2011 and has capacity of 210 MMcf/d. The assets include 53 km of high-pressure pipelines.
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