Spectra Energy Corp Announces Project Development Agreement With BG Group PLC For New Natural Gas Transportation System In British Columbia

Monday, 10 Sep 2012 09:01am EDT 

Spectra Energy Corp announced that the company has signed a Project Development Agreement with BG Group plc to jointly develop plans for a new natural gas transportation system from northeast B.C. to serve BG Group's potential liquefied natural gas (LNG) export facility in Prince Rupert, on the province's northwest coast. Spectra Energy and BG Group will each initially own a 50% interest in the proposed transportation project. Spectra Energy will be responsible for construction and operation and BG Group has agreed to contract for all of the proposed capacity. 

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