Spectra gauges interest in Texas Eastern expansion
Spectra Energy Transmission plans another capacity expansion of its 9,040-mile Texas Eastern pipeline system that connects Texas and the Gulf Coast to the US Northeast.
By OGJ editors
HOUSTON, Oct. 2 -- Spectra Energy Transmission plans another capacity expansion of its 9,040-mile Texas Eastern pipeline system that connects Texas and the Gulf Coast to the US Northeast.
The company has started to gauge shipper interest in the project, designated the Time 3 Project, via a binding open season through Nov. 16.
The Time 3 Project involves expanding the pipeline system from a point in Oakford, Pa., through the addition of compression and pipeline looping. Existing rights of way will be used, where possible, to minimize environmental impacts, Spectrum said.
The project will provide many potential receipt points, including existing gas storage fields in Oakford and the proposed Steckman Ridge gas storage project in Bedford, Pa.; points to be created by its proposed Northern Bridge project, which is designed to move western supplies from Clarington, Ohio, to the Oakford area; and interconnections to numerous other gas pipelines.
At an estimated $300 million, the Time 3 Project is expected to be placed into service in late 2010.