TransCanada begins operation of Cameron Access project in US

TransCanada has brought its Cameron Access project in Southwest Louisiana on-stream.

The development will enable the company to strengthen its ability to supply US-produced liquid natural gas (LNG) to export markets.

The company carried out improvements to the existing pipeline and constructed a new compressor station. The project also included the addition of 27 miles of 36in-diameter greenfield pipeline, which was developed at a cost of around $300m.

The pipeline is designed to deliver 800,000 dekatherms (dth) a day to the Cameron LNG export facility, which is currently under construction and expected to be placed into service at the end of next year.

TransCanada executive vice-president Stanley Chapman III said: “The completion of Cameron Access creates significant value for our customers by providing additional connectivity for their domestically produced natural gas to the high-value US Gulf Coast LNG export market.

“In addition, LNG export projects such as Cameron Access will help reduce global carbon emissions by allowing emerging markets to displace coal-fired power generation with clean-burning natural gas.”

Alongside the TransCanada’s natural gas transmission network of more than 91,900km, the company has 653 billion cubic feet of storage capacity. Its 4,900km liquids pipeline network links continental oil supplies to markets and refineries.

For Q4 2017, TransCanada’s net income attributable to common shares stood at $861m.