Enbridge acquires Aitken Creek gas storage

Enbridge Inc. last week agreed to acquire a 93.8% interest in FortisBC’s 77-bcf Aitken Creek gas storage site in British Columbia. The storage will be connected to LNG Canada’s 14-million tonne/year plant under development in Kitimat, BC, via TC Energy Corp.’s 415-mile, 2.1-bcfd OD Coastal GasLink project, targeted for completion in late 2023 or 2024.

Aitken Creek is already connected to Enbridge’s 1,835-mile BC Pipeline, its 2,391-mile Alliance Pipeline joint venture with Pembina Pipeline Corp., and Nova Gas Transmission Ltd.’s 186-mile North Montney Mainline.

The $400-million acquisition is expected to close in 2023, subject to customary regulatory approvals and closing conditions.