TransCanada has reduced tolls by 58% on its gas pipeline system from Canada’s west coast to the eastern Dawn hub in Ontario.
The move could see Calgary-based gas producers successfully compete against producers in the United States.
“TransCanada agreed to cut its tolls from C$1.86 per gigajoule [US$1.59/MMBtu] to 77 cents per GJ with 23 shippers, who in turn, committed to ship [39.65 million cubic metres per day] on the system for 10 years. The new contracts were signed in March and were approved by the...
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