Subscribe to our news feedTransCanada to increase pipeline tolls
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Published on Friday 26th February 2010
International oil and gas pipeline construction firm TransCanada has announced that it is to increase its tolls next year. The increase will affect the countrys primary natural gas system in Western Canada. According to TransCanada, it needs to boost levies on shipping firms to compensate for a shortfall in revenue in 2009. The revenue reduction was a direct result of declining gas shipments from the regions many gas fields. Commenting on the tariff increases, Greg Stringham, vicepresident at the Canadian Association of Petroleum Producers, said: "Its not unexpected, its just straight long division." "Their costs havent changed and our volumes have gone down," he added. Russ Girling, TransCanadas chief operating officer, claimed that supply has not kept up with demand, leaving less natural gas available for export. Earlier this week, the firm played down delays to its latest North American pipeline project, claiming the twomonth postponement will have not have a major impact on the company. 
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