Tidewater is continuing to develop additional phases of its Pipestone Gas Storage near Grande Prairie, Alberta. Tidewater will provide natural gas storage services at negotiated rates.
Director, Gas Storage Operations
Vice President, Business Development & Commercial
- During the first quarter of 2019, Tidewater expanded its gas storage operations at Pipestone (the "Pipestone Gas Storage Facility") and completed a 24km, 30-inch natural gas pipeline (“Pipestone Pipeline”) connecting the facility to both mainline gas systems, Alliance and TCPL. The Pipestone Pipeline allows for significant future optionality and egress at the Pipestone Gas Storage Facility and Pipestone Gas Plant.
- The Pipestone Gas Storage Facility is fully contracted on a take-or-pay basis with investment-grade counterparties over an average six-year contract term. Continued capital improvements to the facility during 2019, along with the completed 30-inch pipeline, will significantly increase future contracting capacity at the storage facility.
- The Pipestone Gas Storage Facility also achieved record injection rates in the second quarter of 2019, exceeding expectations, and further enhancing future contracting capability at the facility.