Copyright of the Daily Oil Bulletin 2017
Veresen Announces Long-Term Recontracting Of AEGS
Veresen Inc.’s 100 per cent-owned Alberta Ethane Gathering System (AEGS) has entered into 20-year take-or-pay transportation agreements for approximately 95 per cent of the existing capacity on the system effective Jan. 1, 2019.
Under the new agreements, tolls have been increased to reflect the value of the service provided to customers while continuing to provide for the recovery of operating costs. AEGS will continue with efforts to contract its remaining capacity effective Jan. 1, 2019 and will consider expanding the capacity of the system should demand warrant in the future.