CNYOGCentral New York Oil and Gas
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Because of Stagecoach's strategic location between TGPL and the Millennium systems, CNYOG envisions being able to offer hub services between the two pipelines, and seeks expressions of interest in such services in the response to the Open Season.
Upon close of the Open Season CNYOG will begin the process of finalizing the project design and negotiating binding precedent agreements.
CNYOG anticipates negotiating binding precedent agreements with several of the interested parties over the next two months.
CNYOG received indications of interest on the proposed facility in excess of 200% of the available field inventory capacity of 13 Bcf and in excess of 300% of available deliverability.
CNYOG has been in negotiations with three shippers who participated in its Non-binding Open Season and has reached commercial terms with all three in the form of executed Precedent Agreements.