New $315-million Canadian gas pipeline

Emera, based in Halifax, is a partner with Duke Energy and ExxonMobil in the Maritimes & Northeast line.

Charlotte-based Duke, which has a 77.5% share in Maritimes & Northeast, will take a lead role in obtaining permits for the Brunswick pipeline, and will build and operate it on Emera’s behalf. The companies propose a construction start date in June, 2007, with a goal of starting service in November, 2008. Spain’s Repsol YPF and Irving Oil Ltd of Canada are partners in the Canaport project, and Emera says it has negotiated a 25-year agreement with Repsol to transport gas through the new pipeline.

The 30-in diameter Maritimes & Northeast pipeline, which is being expanded with five new compressor stations and 3km of pipeline in Maine, carries gas from fields known collectively as the Sable Offshore Gas Project and runs through Nova Scotia, New Brunswick, Maine, New Hampshire, and Massachusetts.

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