Additions: TransCanada adds two new players
TransCanada adds two to Pathfinder
TransCanada adds Enterprise Products Partners and Quicksilver Gas Services to its planned Pathfinder natural gas pipeline from the US Rockies, cementing plans for the project.
Under the agreement, Enterprise and Quicksilver would buy up to a total of 50% of the project and commit to ship a total of 500 million cubic feet per day for a 10-year term.
TransCanada is backing the new line to carry natural gas from the fast-growing producing areas of the Rocky Mountain states to markets in Canada and the US, joining other projects designed to accommodate the region's growing supply.
The planned 915-mile (1,465 kilometer) will carry 1.2 billion cubic feet of gas per day from Meeker, Colorado, and Wamsutter, Wyoming, to a connection at the Northern Border pipeline by 2010.
A second phase will push the line as far as Emerson, Manitoba, where it will tie into TransCanada's massive mainline system.
Enterprise, which controls more than 35,000 miles of pipelines and owns processing and gas-storage businesses, plans to take a 40% stake in Pathfinder with Quicksilver agreeing to a 10% share.
TransCanada will operate the line.