One-Page Deal Sheet
ArcLight Acquires Interest in Alberta Hub Gas Storage
Arclight Capital Partners Llc Chevron Corp
Announced Date
April 04,2016
Close Date
April 04,2016
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Require Private Equity Subscription
ArcLight Capital Partners, LLC announced that ArcLight affiliate Amphora Canada Gas Storage ULC has completed the purchase of Chevron Alberta Gas Storage ULC from Chevron Canada Properties Limited.
CAGS owns a 43% non-operated interest in Alberta Hub Gas Storage.
Iberdrola Canada Energy Services Limited owns the remaining interest and operates the Facility.
The Facility is a 42.7 Bcf depleted-reservoir natural gas storage facility located 80 miles west of Edmonton, Alberta. It is connected to TransCanada's NOVA Gas Transmission Ltd. system, which provides access to local Alberta markets…
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