Spectra Energy Corp.’s Texas Eastern Transmission, LP announced a binding open season for TEAM 2012, a proposed expansion of its existing Texas Eastern system to deliver additional Appalachian and Marcellus Shale natural gas supplies to premium markets in the Northeast.
The TEAM 2012 Expansion will target a capacity expansion of 300 MMcf/d, with an estimated fourth quarter 2012 in-service. This expansion will provide interested shippers with the opportunity to nominate transportation services from multiple existing and proposed receipt points on the Texas Eastern system within the Appalachian and Marcellus Shale production regions to delivery points in Texas Eastern’s market area.
Texas Eastern officials said they plan to initiate discussions to ascertain market interest for the next TEAM Expansion Project through another open season to be announced shortly. TEAM 2013, with an estimated late 2013 in service, will target a capacity expansion of 500 Mcf/d, but is not restricted to this target capacity amount and will be scalable and sized to meet customer needs.