Tuesday, November 24, 2009

Pipeline Expansion Planned for North East Shale Natural Gas

NEW YORK, Nov 23 (Reuters) - Spectra Energy Corp's (SE.N) Texas Eastern Transmission, LP unit announced on Monday an open season to gauge interest in a proposed expansion delivering additional, emerging Appalachian and Marcellus Shale natural gas supplies to markets in the Northeast United States.

The TEAM 2013 open season is in addition to the previously announced TEAM 2012 expansion. The 2012 expansion will provide customers with up to 300 million cubic feet per day of capacity by the fourth quarter 2012, the company said in a statement.

The TEAM 2013 expansion, with an estimated late 2013 in service date, will target a capacity expansion of 500 mmcf per day of supply.

The expansion project is not restricted to the target capacity amount and will be scalable and sized to meet customer needs, Spectra said.

Interested shippers have the opportunity to nominate transportation services from multiple existing and proposed receipt points on the Texas Eastern system within the Appalachian and Marcellus Shale production regions to delivery points across Texas Eastern's market area.

As development of the Appalachian and Marcellus production regions increases, Texas Eastern said it would continue to develop expansion projects timed and sized to meet customer needs.

The open season will run through Jan. 15, 2010. (Reporting by Eileen Moustakis; Editing by Marguerita Choy)((eileen.moustakis@thomsonreuters.com; +1 646 223 6074; Reuters Messaging: eileen.moustakis.reuters.com@reuters.net)) ((For help: Click "Contact Us" in your desk top, click here [HELP] or call 1-800-738-8377 for Reuters Products and 1-888-463-3383 for Thomson products; For client training: training.americas@thomsonreuters.com; +1 646-223-5546))

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