Alton Natural Gas Storage is an underground natural gas storage facility owned equally through a limited partnership between Fort Chicago Energy Partners L.P. and Altagas Income Trust. The site which is located near the community of Alton, Nova Scotia, has a number of advantages including its geological properties, access to natural gas pipeline infrastructure, and to valuable markets in the northeastern USA.
Both Fort Chicago and Altagas Income Trust are committed to developing energy related infrastructure projects in the province of Nova Scotia. We believe this industry will continue to develop with the introduction of liquefied natural gas (LNG) receiving terminals and compressed natural gas (CNG) delivery systems, as well as continued offshore exploration and production.
As a result, the Alton Natural Gas Storage Project will allow Fort Chicago and Altagas Income Trust the opportunity to create long-term value through the early recognition and entry into high-impact projects in Eastern Canada.
Fort Chicago and Altagas Income Trust are publicly traded companies, listed on the TSX Exchange and TSX Venture Exchange, respectively, under the trading symbols FCE and LIS. Altagas Income Trust is the operator of the project. |
