17 Jan Enbridge Gas holding open season for storage at Dawn Hub » …
Enbridge Gas is holding a binding open season for up to 1 billion cubic feet (Bcf) of peak storage service at the Dawn Hub storage facility in Ontario, beginning as early as April 1, 2020, Kallanish Energy reports.
Shippers seeking access to flexible, customized storage to meet peaking service needs can submit bids of up to 1 Bcf for a term of two years or longer.
Enbridge Gas’ Peak Storage Service offers shippers 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
- Improve load factor on upstream and downstream pipelines
- Bundle storage with other services like transportation to satisfy market opportunities in Ontario, Quebec, the Midwest and the U.S. Northeast.
The Enbridge Gas Dawn Hub is one of the largest integrated natural gas storage facilities in North America. Located in southwestern Ontario, Dawn provides shippers with direct access to North America’s major supply basins, including the Appalachian and Western Canadian sedimentary.
With multiple supply routes from western Canada, Mid-continent, Appalachia and the Rockies, as well as the ability to serve markets in the Midwest, eastern Canada and the U.S. Northeast, the Enbridge Gas Dawn Hub is a secure and liquid natural gas trading hub.
The open season runs from Jan. 14, through 2 p.m. Jan. 21.
Enbridge Gas was formed Jan. 1, 2019, from the amalgamation of Union Gas Ltd. and Enbridge Gas Distribution, and is Canada’s largest natural gas storage, transmission and distribution company based in Ontario.
The distribution business serves roughly 3.7 million customers, heating over 75% of Ontario homes. 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 Inc. is owned by Enbridge Inc., a Canadian-based energy transportation and distribution giant.