FORT ST. JOHN, BRITISH COLUMBIA–(Marketwired – Sept. 14, 2016) – AltaGas Ltd. (“AltaGas”) (TSX:ALA) today held the grand opening of the Townsend Facility (the “Facility”), an integrated midstream complex located in northeast British Columbia approximately 100 kilometres north of Fort St. John and 20 kilometres southeast of AltaGas’ Blair Creek Facility.
“We are committed to continuing to grow our presence in British Columbia by developing assets that will provide producers with value-added services and the opportunity to move natural gas and natural gas liquids to new markets,” said David Harris, President and Chief Executive Officer of AltaGas. “We wish to thank the Blueberry River First Nation and the Halfway River First Nation for their support and understanding as we developed and built this project, and look forward to the long-term benefits this Facility will bring to the community.”
The Facility includes a 198 million cubic feet per day (Mmcf/d) shallow-cut natural gas processing facility, natural gas gathering and liquids egress lines and a truck terminal. Commercial operation commenced on July 10, 2016. The $430 million project was completed ahead of schedule and under budget.
“British Columbia has a vast supply of natural gas to support value-added production and economic growth,” said Minister of Natural Gas Development Rich Coleman. “The Townsend Facility is another promising development for our province, showcasing our capacity to build new infrastructure in the natural gas sector and support clean energy production for domestic and international markets.”
Members from the Halfway River First Nation, Blueberry River First Nation, government officials, and representatives from Painted Pony Petroleum Ltd. joined John Lowe, Executive Vice President, and AltaGas staff to officially open the Facility.
AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources.