TC Energy/TransCanada

You may recall that TransCanada, one of Canada’s leading midstream/pipeline companies, cooked up a deal to pipe natural gas from Canada’s West Coast to the East Coast in order to fend off cheap supplies of Marcellus/Utica gas that will flow into Canada when/if the NEXUS and Rover pipelines get built (see TransCanada Pipe Drops Price 42% to Compete with Marcellus/Utica). TransCanada dropped their pipeline price by 42% to lure drillers by (theoretically) making it less expensive to get gas from Western Canada, some 2,400 miles away, than from the Marcellus, just 400 miles away. But all is not butterflies and unicorns with the TransCanada plan. Drillers are balking at having to sign a 10-year agreement in order to get the favorable pricing. Their reticence is leading to a delay in TransCanada’s master plan to conquer the Mighty Marcellus…
Read More “TransCanada’s Plan to Lowball Marcellus/Utica Gas Delayed”

How low can you go, and still make money? That’s the question TransCanada is testing in a bid to compete with cheap Marcellus/Utica natural gas that is heading to Canada via new pipelines, including Energy Transfer’s Rover and Spectra Energy’s NEXUS pipelines. Last month MDN reported that TransCanada has a plan to use existing pipelines from Western Canada to Eastern Canada–from Alberta to Toronto–to ship more natural gas from west to east (see TransCanada’s Plan to Undercut/Displace Gas from the Marcellus). The aim is to make it less expensive to get gas from Western Canada, some 2,400 miles away, than from the Marcellus, just 400 miles away. As an interesting aside, even though TransCanada wants to compete with gas coming from the Marcellus/Utica, they recently bought a big piece of Marcellus/Utica infrastructure by buying Columbia Pipeline (see TransCanada and Columbia Pipeline Tie the Knot Today). If you can’t beat ’em, buy ’em. Here’s the latest on TransCanada’s low low low pipeline rates (42% less) to ship gas from Western Canada…
Read More “TransCanada Pipe Drops Price 42% to Compete with Marcellus/Utica”

One of the important new markets that Marcellus and Utica Shale drillers have been salivating over is Canada. Indeed, flows of natural gas, via pipelines, have increased to Canada over the past several years (see Marcellus/Utica Gas Increasingly Heads to Canada via Pipeline). One of the promising new markets for Marcellus gas is Canadian LNG exports (see List of LNG Export Projects for Marcellus/Utica Shale Gas). However, Canada is feeling a bit PO’d (personally offended) with the U.S., especially since Lord Obama rejected the Keystone XL oil pipeline from Canada. Along has come a bold new proposal from TransCanada, which recently bought the U.S.-based Columbia Pipeline Group, to use existing pipelines from Western Canada to Eastern Canada–from Alberta to Toronto–to ship more natgas. The aim is to make is less expensive to get gas from Western Canada, some 2,400 miles away, than from the Marcellus, just 400 miles away. Should Marcellus drillers be concerned? Maybe. TransCanada is about to launch an open season for their bold, new plan to undercut the Marcellus…
Read More “TransCanada’s Plan to Undercut/Displace Gas from the Marcellus”

TransCanada Corporation, the company perhaps most known (and reviled by the anti-drilling left) for their proposed Keystone XL oil pipeline, is making moves to grab a piece of the action in the Marcellus/Utica Shale. Last week TransCanada announced a non-binding open season until July 28 for shippers to grab capacity on a proposed expansion of their ANR pipeline–something they call the ANR East Project. The Project will provide Marcellus and Utica drillers with options to ship their gas out of the northeast to the Midwest, Gulf Coast, and even to Ontario, Canada. As part of the project, new pipeline would be built…
Read More “TransCanada to Enter Marcellus/Utica with ANR Pipeline Expansion”