From Geoff Simon this week, top North Dakota energy stories:
Note the URL: https://www.naturalgasintel.com/north-dakota-posts-record-natural-gas-production-capture-rates-tc-eyes-northern-border-expansion/.
This is such an important article I've archived it.
I still feel strongly that this is a Trojan horse. North Dakota does not need coal-generated electricity from Colstrip, Montana. North Dakota needs to figure out what to do with all that natural gas or North Dakota is going to have a real problem, as soon as two years from now.
From the linked article with regard to TC's expansion hopes:
On TC’s third quarter earnings call earlier this month, Vice President Stanley Chapman, who is in charge of U.S. and Mexico natural gas pipelines said Northern Border “is a critical part of our unparalleled asset footprint across the U.S.
The fundamentals still remain very strong and support the need for an expansion.” He said that flows on Northern Border were up quarter/quarter during 3Q2022, and that the firm has closed a nonbinding open season to expand capacity.
“We are still negotiating with our customers to get to definitive agreements,” Chapman said, “and while it’s taking a little bit longer to get that done, our in-service date of early 2026 and our capital estimate to get that project done hasn’t moved.”
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