Spectra Energy Offers Appalachian Producers Pathway to Market, Scaled Expansion Program Will Match Production Timelines
HOUSTON, Aug. 4 /EMWPresswire/ -- Texas Eastern Transmission, LP, ("Texas Eastern"), a subsidiary of Spectra Energy (NYSE: SE), today announced a non-binding open season for its Texas Eastern Appalachia to Market (TEAM) expansion program, a proposed expansion to transport emerging Appalachian natural gas production to premium markets in the northeast United States, including Mid-Atlantic and New England states. "Our advantage is twofold -- an existing footprint in the region that is well positioned to connect this new supply to market, and a strong track record of designing and constructing cost-effective expansion projects that are timed and sized to meet customers' needs," said Bill Yardley, group vice president, Spectra Energy Transmission. "This project will allow producers to connect their Appalachian supplies to premium markets, and shippers to reach back to the increasing number of supply points in the West Virginia and Pennsylvania regions." The TEAM expansion program has a targeted capacity of approximately 300 million cubic feet per day (mmcf/d), but will be scaleable and sized to meet customer needs. The expansion will utilize existing rights of way, wherever possible, which will minimize both project costs and effects on landowners and the environment. The first phase of the scaleable expansion program is targeted to be in service as early as November 1, 2011. The non-binding open season runs from August 1, 2008, to August 29, 2008. Interested parties should contact Bob Riga at (617) 560-1436 or email@example.com, or Sean Foley at (617) 560-1359 or firstname.lastname@example.org . Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America's premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,000 miles of transmission pipeline, 265 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the largest natural gas gatherer and processor in the United States. For more information, visit http://www.spectraenergy.com .
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