Tidewater Locks In Long-Term Gas, NGL Volumes at Brazeau River Complex in Alberta
Tidewater Midstream has secured long-term gas handling and NGL supply and fractionation agreements at its Brazeau River Complex in Alberta, locking in up to 75 million cubic feet per day of natural gas volumes and strengthening utilization at the facility.
(P&GJ) — Tidewater Midstream and Infrastructure Ltd. has signed long-term gas handling and NGL supply and fractionation agreements at its Brazeau River Complex (BRC) in central Alberta, securing new and renewed volumes for the facility.
Under the agreements, Tidewater will process up to 75 million cubic feet per day of natural gas at the BRC, including approximately 65 million cubic feet per day of renewed volumes and 10 million cubic feet per day of newly contracted supply from dedicated producer facilities. The company will also receive marketing rights to the ethane, propane and butane recovered from the gas stream.
The initial term of the agreements is about five years, with provisions to continue on an evergreen basis. Tidewater will earn processing and NGL handling fees aligned with current market rates, with annual inflationary adjustments.
Located in Alberta’s West Pembina region, the Brazeau River Complex offers 180 million cubic feet per day of deep-cut gas processing capacity, roughly 10,000 bbl/d of NGL fractionation capacity, NGL and condensate pipeline connections, truck loading and offloading, physical gas storage, and two natural gas transportation interconnects.
“These are important agreements for Tidewater as they provide significant natural gas volume to the BRC from dedicated facilities on a long-term basis. The BRC processing and fractionation capacity is highly contracted and discussions are ongoing with multiple interested parties to contract the remaining capacity at the BRC,” said Jeremy Baines, chief executive officer of Tidewater.