Union Gas 2011 Dawn to Parkway/Kirkwall Open Season a Success

Union Gas recently completed an open season for Dawn to Parkway/Kirkwall (M12) transportation capacity. The Open Season ran from July 16 to August 26, for service commencing November 1, 2011 or November 1, 2012.

Customer interest in Dawn to Parkway/Kirkwall transportation capacity was strong, with binding bids received in excess of 500,000 GJ/day. Union Gas has accepted all bids subject to certain terms and conditions and has notified all successful bidders that their binding bid has been accepted.

Over the coming weeks, Union Gas will be working with successful bidders to execute new M12 Transportation Contracts and to ensure that terms and conditions of service are satisfied.

In conjunction with the Transportation Open Season, Union Gas also conducted a Reverse Open Season. This is an opportunity for all existing long-term transportation Shippers to “turn back” or terminate their transportation contracts prior to the end date of the original term.  This process is beneficial for both Union Gas and our Shippers and is a key step in any Union Gas expansion plan. During the most recent Reverse Open Season, some Shippers did elect to return some Dawn to Parkway/Kirkwall capacity to Union Gas starting November 1, 2011. As a result, we are currently finalizing our facility plans to ensure that we have the best asset mix to serve the Dawn to Parkway and Kirkwall demands.

We would like to thank all customers for their continued interest in Union Gas’ storage and transportation services. If you are interested in future storage and transportation open season, a new Open Season Mailing List subscription service is available for customers who would like to be notified of future open seasons.