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Looks like they bought that pipeline both cheap and with great timing. }};-D

I own a bunch.


AltaGas Ltd. grabs lead in LNG infrastructure race

'We do have the only pipeline' to the West Coast, CEO David Cornhill says
December 12, 2012

“Do you want to see what $6 billion looks like?” ...


Right now, the next opportunity is liquefied natural gas (LNG). The energy infrastructure company holds assets in natural gas processing facilities, pipelines and storage, power generation and utility distribution.


There are currently seven west coast LNG projects proposed or in development with a combined capacity of more than 10 billion cubic feet per day (bcf/d). Lance Mortlock, partner with Ernst & Young’s oil and gas practice in the Calgary office, figures four of those plants are probably feasible, but even those four might not all get built. “We’ve seen a lot of cost escalation in the past few months,” he says.
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