By January 23, 2017 Read More →

AltaGas to jointly build Montney natural gas processing plant

AltaGas

The facility will be located in another area of the Montney separate from AltaGas’ current operations.

AltaGas processing plant to cost between $100 million -$110 million

Jan 23 (Reuters) – Energy infrastructure company AltaGas Ltd said it would jointly build a natural gas processing plant and a natural gas liquids separation train with a privately held producer in the Montney shale play in western Canada.

AltaGas said on Monday that while the deep-cut processing facility will be jointly owned, the NGL separation train and a rail terminal will be fully owned by AltaGas.

David Harris, President and CEO of AltaGas┬ásays “This development broadens our customer base and drives continued growth for our midstream business, including our energy export strategy.”

The plant is expected to cost C$100 million-C$110 million ($75 million-$83 million), while the separation train and rail terminal are expected to cost about $60 million-$70 million.

(Reporting by John Benny in Bengaluru; Editing by Maju Samuel)

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