Spectra Energy Secures Long-Term Orders For Gulf Market Expansion Project

(RTTNews) - Spectra Energy Corp (SE) and Spectra Energy Partners (SEP), Monday said they executed new long-term contracts for 650,000 dekatherms per day or Dth/d of natural gas shipments on the Texas Eastern pipeline system to back up the manufacturing sector and liquefied natural gas or LNG export industry along the Texas and Louisiana coast.

The companies said that the phase one of the project will transport 250,000 Dth/d in November 2016, while phase two will bring an additional 400,000 Dth/d starting in September 2017 which will speed-up through December 2018.

The Gulf Markets Expansion Project is a continuation of Spectra Energy's development efforts, including the Team 2014 and OPEN projects, to change its Texas Eastern Transmission mainline into a bi-directional system providing diverse supply access to Northeast, Southeast and Gulf Coast markets.

Customers signing contracts for long-term service include EQT Corporation, GDF Suez S.A., Mitsubishi Corporation, MMGS, Inc., a subsidiary of Mitsui & Co., Ltd, and Range Resources, Appalachia LLC.