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Gunvor and AltaGas Sign 10-Year Gas Storage Contract

Key highlights
  • Gunvor partners with AltaGas for a 10-year gas storage contract.
  • AltaGas plans a $65 million expansion of Dimsdale Gas Storage Facility.
  • The expansion will add 6 Bcf capacity, targeting completion by end of 2026.
  • The project includes debottlenecking, a new meter station, and dehydration equipment.

Partnership Overview

Gunvor Group has entered into a 10-year firm storage service contract with AltaGas, supporting the expansion of the Dimsdale Gas Storage Facility in Canada. This collaboration marks a significant step in Gunvor's strategy to strengthen its position in the North American natural gas and LNG markets.

Project Details

The expansion project at the Dimsdale Gas Storage Facility involves a capital investment of approximately $65 million. The initiative aims to increase the facility's capacity by 6 billion cubic feet (Bcf) and is scheduled for completion by the end of 2026.

Technical Enhancements

The project will focus on debottlenecking the facility, which includes the installation of a new meter station and dehydration equipment. These upgrades are designed to enhance capacity, improve reliability, and significantly reduce operating costs.

Source: Gunvor

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