TransCanada Corp. (TSX:TRP) and U.S.-based natural gas company Williams (NYSE:WMB) are proposing to jointly develop the Sunstone Pipeline to take gas to markets in the western United States.
The two companies said Thursday they are evaluating the construction of a 995-kilometre, one-metre-diameter pipeline with capacity of up to 1.2 billion cubic feet per day to enter service in 2011.
The new line would be built alongside the existing Williams Northwest Pipeline between the Opal Hub in Wyoming and Stanfield, Ore., where it connects to TransCanada's Gas Transmission Northwest (GTN) system.
"Sunstone offers customers in the West excellent access to markets and supply," TransCanada president and CEO Hal Kvisle said in a statement.
"Sunstone and GTN provide efficient, continued access to Western Canada Sedimentary Basin gas supply in addition to new access to growing Rocky Mountain production."
The two companies did say how much they expected such a system will cost to build.
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