SOURCE: Industrial Info Resources

Industrial Info Resources

March 01, 2011 07:10 ET

Canadian Gas Producers Squeezed by New U.S. Pipelines, Supply, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 1, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- Gains by U.S. gas producers and pipelines are causing pains for Canadian gas producers and pipelines, Justin Carlson, a research analyst at BENTEK Energy L.L.C. (Evergreen, Colorado), told a natural gas conference held in Denver, Colorado, earlier this month.

The Bison Pipeline, a $610 million, 302-mile pipeline that moves gas from the eastern Rocky Mountains to North Dakota, has created a new, lower-cost transportation option for gas producers to get their product to North Dakota, the Midwest and eventually into Canada, he told a conference organized by EUCI (Greenwood Village, Colorado). Bison, which is owned by TransCanada Corporation (NYSE:TRP) (Calgary, Alberta), began service last month.

A similar competitive dynamic is evident farther west with the Ruby Pipeline, a 680-mile pipeline that is scheduled to come online this summer. Ruby is owned by El Paso Corporation (NYSE:EP) (Houston, Texas).

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