ArcLight closes acquisition of interest in CAGS facility

ArcLight Capital Partners LLC affiliate Amphora Canada Gas Storage ULC has completed the purchase of Chevron Alberta Gas Storage ULC (CAGS) from Chevron Canada Properties Ltd. CAGS owns a 43% non-operated interest in Alberta Hub Gas Storage. Iberdrola Canada Energy Services Ltd. 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. (NGTL) system, which provides access to local Alberta markets and to AECO Hub, a North American natural gas trading center with connectivity to the US West Coast, Midwest, and Northeast markets.

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