Tuesday, May 20, 2008

Spectra Delivering Natural Gas to ConocoPhillips

Spectra Energy Corp. has signed an agreement with Houston energy giant ConocoPhillips to deliver up to 395 million cubic feet per day of Rocky Mountain natural gas from the Clarington, Ohio, supply point to a location near in York County, Pa.

Houston-based Spectra (NYSE: SE) plans to transport the natural gas via an expansion of its Texas Eastern Transmission pipeline system, known as the Temax Project.

The expansion will include adding about 33 miles of pipe from Marietta, Pa. to a point near Station 195 on the Transcontinental Gas Pipeline Corp's pipeline system near Delta, Pa.

The delivery is expected to be at the Pennsylvania station by November of 2010.

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