Enbridge invites bids for peak storage at Dawn Hub

Any shipper seeking access to flexible, customised premium storage for peaking service needs can submit bids for a minimum term of three years. Multiple bids will be considered.

All bids are due on or before 2 pm ET/1 pm CT, on 16 May 2024. Enbridge Gas expects to award capacity on or before 4 pm ET/3 pm CT, on 16 May 2024. Enbridge Gas reserves the right to reject any and all bids at its sole discretion.

Enbridge Gas' peak storage service offers shippers unparalleled flexibility to meet their requirements and reduce operational costs.

Benefits for shippers include the ability to:

• Capture daily, monthly, and seasonal price volatility/spreads.
• Balance demand and supply needs - meet peaking requirements, diversify supply, and protect downstream markets.
• Hedge commodity purchases - fixed gas costs and protection from gas price run-ups.
• Improve load factor on upstream and downstream pipelines by right sizing storage.
• Bundle storage with other services like C1/M12 transportation to satisfy market opportunities in Ontario, Quebec, and the US northeast.

The Enbridge Gas - Dawn Hub is the largest integrated natural gas storage facility in Canada and one of the largest in North America. It offers customers, such as power generators, distribution and pipeline companies and energy marketers, an important link in the movement of natural gas from key supply basins to markets in central Canada and the northeast US.

Read the article online at: https://www.tanksterminals.com/terminals/10052024/enbridge-invites-bids-for-peak-storage-at-dawn-hub/