The subsidiary, Chevron Alberta Gas Storage, owns a 43% non-operated interest in the Alberta Hub Gas Storage plant, a 42.7 billion cubic feet depleted-reservoir natural gas storage facility 80 miles west of Edmonton.
Iberdrola Canada Energy Services owns the remaining interest and operates Alberta Hub.
"The facility is well-positioned to benefit from the increasing storage spreads driven by broadly rising demand for natural gas in North America and liquefied natural gas export," said Dan Revers, managing partner and co-Founder of ArcLight Capital Partners, which backs Amphora.
Albert
