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The U.S. draws from a variety of energy sources to support its population of roughly 330 million people. Prominent in that energy mix is natural gas, thanks to its local abundance, affordability, reliability and lower emissions compared with other hydrocarbons.
Crossfield Gas Storage is located 50 km (31 miles) north of Calgary, Alta, holds 68 bcf (billion cubic feet) of natural gas. A "depleted underground reservoir" facility, gas is stored in what was originally a naturally occurring gas reservoir.
Unlocking Shareholder Value - Creating two premium energy infrastructure companies
TC Energy Corporation announced signing of option agreements to sell a 10 per cent equity interest in the Coastal GasLink Pipeline Limited Partnership to Indigenous communities across the project corridor. The opportunity to become business partners through equity ownership was made available to all 20 Nations holding existing agreements with Coastal GasLink.
TC Energy Gas Storage Partnership manages a portfolio of strategically located natural gas storage facilities in Alberta, Canada, connected to the Nova Inventory Transfer (NIT) market hub via the NGTL System. These are the Crossfield and Edson Gas Storage facilities. TC Energy’s unregulated gas storage business is operated independently from its regulated affiliates.