AltaGas defers development of Noel pipeline

Canada’s largest and fastest growing integrated energy infrastructure and services organization, AltaGas is deferring the development of the Noel natural gas pipeline construction project and Pouce Coupe sour gas facility expansion project.

The projects announced on April 10, 2007, involving Devon Canada Corporation, were subject to certain economic conditions precedent, and are being deferred for economic reasons.

According to company, the Noel region is an underdeveloped area with substantial reserves potential and it believe that the Noel pipeline construction project and Pouce Coupe facility expansion project continue to be attractive projects for transporting and processing natural gas from the Noel region.

AltaGas intends to continue working on the development of the Noel pipeline construction project and Pouce Coupe facility expansion project.