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Spectra and BG Group to Develop BC Pipeline

Spectra Energy Corporation announced today that is has signed a Project Development Agreement with BG Group plc to jointly develop plans for a new 850-kilometre (525 mile) gas pipeline capable of transporting up to 4.2 Bcf/day that will run from northeas
September 9, 2012

Spectra Energy Corporation announced today that is has signed a Project Development Agreement with BG Group plc to jointly develop plans for a new 850-kilometre (525 mile) gas pipeline capable of transporting up to 4.2 Bcf/day that will run from northeast British Columbia (B.C.) to BG Group’s potential LNG export terminal facility in Prince Rupert, on the B.C. northwest coast. Spectra Energy and BG Group will each initially own a 50 percent share in the pipeline. Spectra Energy will construct and operate the pipeline and BG Group has agreed to contract for all of the proposed capacity.

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