ArcLight Capital Partners announced in a statement that ArcLight affiliate Amphora Canada Gas Storage ULC has completed the purchase of Chevron Alberta Gas Storage ULC from Chevron Canada Properties Limited. CAGS owns a 43% non-operated interest in Alberta Hub Gas Storage (the “Facility”). Iberdrola Canada Energy Services Limited owns the remaining interest and operates the Facility.
The Facility is a 42.7 billion cubic feed depleted-reservoir natural gas storage facility located 80 miles west of Edmonton, Alberta. It is connected to TransCanada’s NOVA Gas Transmission Ltd. system, which provides access to local Alberta markets and to AECO Hub, a major North American natural gas trading center with connectivity to the West Coast, Midwest, and Northeast markets in the United States.
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