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.
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SOURCE Enbridge Gas Inc.