TransCanada Corporation announced its Cameron Access project has been placed into service in Southwest Louisiana, enhancing the company's ability to deliver North American-produced natural gas to high-value LNG export markets.
Cameron Access involved improvements to existing pipeline, construction of a new compressor station and the addition of 27 miles (43 kilometres) of 36-inch diameter greenfield pipeline. Representing an investment of approximately US$300 million, the pipeline is capable of transporting 800,000 dekatherms a day to the Cameron LNG export facility. The Cameron LNG export facility is currently under construction and scheduled to go into service at the end of 2019.
"The completion of Cameron Access creates significant value for our customers by providing additional connectivity for their domestically produced natural gas to the high-value U.S. Gulf Coast LNG export market," said Stanley Chapman III, TransCanada's Executive Vice President and President, U.S. Natural Gas Pipelines. "Additionally, LNG export projects such as Cameron Access will help reduce global carbon emissions by allowing emerging markets to displace coal-fired power generation with clean-burning natural gas."
Throughout the course of the project, TransCanada worked closely with landowners and local officials to ensure they were an important part of the process. Cameron Access was designed and constructed with a core focus on safety and minimizing environmental impact.
About TransCanada
With more than 65 years' experience, TransCanada (TSX:TRP) (NYSE:TRP) is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates one of the largest natural gas transmission networks that extends more than 91,900 kilometres (57,100 miles), tapping into virtually all major gas supply basins in North America.
TransCanada is a leading provider of gas storage and related services with 653 billion cubic feet of storage capacity. A large independent power producer, TransCanada currently owns or has interests in approximately 6,100 megawatts of power generation in Canada and the United States. TransCanada is also the developer and operator of one of North America's leading liquids pipeline systems that extends approximately 4,900 kilometres (3,000 miles), connecting growing continental oil supplies to key markets and refineries.
TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP.