Bids for storage services starting as early as April 1, 2022
CHATHAM, ON, March 7, 2022 /CNW/ - Enbridge Gas is holding a binding open season for peak storage services at the Dawn Hub storage facility starting as early as April 1, 2022.
Shippers seeking access to flexible, customized premium storage for peaking service needs can submit bids of up to 1 BCF for a maximum term of one year. Multiple bids will be considered.
Enbridge Gas' Peak Storage Service offers shippers unparalleled flexibility to meet their requirements and reduce operational costs.
Benefits for shippers include the ability to:
- Capture daily, monthly, and seasonal price volatility/spreads
- Balance demand and supply needs - meet peaking requirements, diversify supply and protect downstream markets
- Hedge commodity purchases - fixed gas costs and protection from gas price run-ups
- Improve load factor on upstream and downstream pipelines by right sizing storage
- Bundle storage with other services like C1/M12 transportation to satisfy market opportunities in Ontario, Quebec, and the U.S. Northeast
The Enbridge Gas Dawn Hub is the largest integrated natural gas storage facility in Canada and one of the largest in North America. It is a reliable, secure, and liquid natural gas trading hub that offers customers such as power generators, distribution and pipeline companies and energy marketers, an important link in the movement of natural gas from key supply basins to markets in central Canada and the northeast U.S.
The open season runs from March 7, 2022, through to 2 p.m. EST / 1 p.m. CT on March 10, 2022. For information, visit enbridgegas.com/storage-transportation/news-presentations.
About Enbridge Gas Inc.
Enbridge Gas is Canada's largest natural gas storage, transmission and distribution company based in Ontario, with more than 170 years of service to customers. The distribution business provides safe, affordable, reliable energy to about 3.8 million homes, businesses and industries and is leading the transition to a low-carbon energy future through net-zero emissions targets in our operations, and investments in innovative clean energy solutions including hydrogen. The storage and transmission business offers storage and transportation services to customers at the Dawn Hub, the largest integrated underground storage facility in Canada and one of the largest in North America. Enbridge Gas is owned by Enbridge Inc., a Canadian-based leader in energy transportation and distribution. Learn more at enbridgegas.com.
SOURCE Enbridge Gas Inc.