Spectra’s $1.5 billion expansion program was created to develop natural gas infrastructure to meet B.C.’s domestic natural gas needs, as well as those in other North American energy markets.
The recent expansion will include the construction of two new natural gas processing facilities in northeast B.C., which includes the associated natural gas gathering pipelines, as well as further expansion of the company’s natural gas transmission system within the province.
These new projects are expected to create more than 1,350 construction job and $120 million in in contracts with northeast B.C. First Nations as well as with provincial contractors.
As a result, Spectra Energy is now the single largest contributor to property tax within the province, as the company’s annual property take now totals $64 million.
Doug Bloom, president of Spectra Energy’s Western Canadian Operations, says he's happy with his company’s investment in the province.
"I’m pleased that we’re aligned with the province of B.C.’s natural gas and LNG strategies and am confident that our shared interest in job growth and economic development activity will continue for many years," he said, adding, "We’ve been investing in communities across B.C. since 1957 and believe we are an integral part of the province’s energy sector. We remain committed to ongoing, responsible growth of B.C.’s natural gas sector."
Additional infrastructure development will be required in order to unlock additional growth in the Montney, Horn River and other developing natural gas resource areas.
Such opportunities will include additional gathering and processing services of natural gas, extraction of natural gas liquids in the Montney area, and a new pipeline transmission capacity to be able to deliver natural gas supplies to current and emerging North American markets.
The new wave of expansion is also anticipated to include pipeline infrastructure with the intention of serving LNG export facilities on the B.C. Coast.