“Given our proximity to the Heritage Gas pipeline, it makes good business sense to discuss how we can work together, and we look forward to advancing our discussions for a potential supply of onshore natural gas in Nova Scotia,” said Julie Cohen, President and CEO, East Coast Energy.
The MOU demonstrates the companies’ commitment to explore opportunities to assess the viability of producing and supplying locally sourced natural gas, the companies stated in a release.
East Coast Energy has a discovered coal-bed methane (CBM) resource and gas testing analysis from its pilot well, which indicates a supply of clean, gas that meets pipeline specifications.
“Heritage Gas is focused on supplying competitively priced, clean natural gas to our homeowners and business customers,” said John Hawkins, President of Heritage Gas.
“We are committed to exploring all options for securing low-cost natural gas to meet the rising demand in the province and look forward to the discussions with East Coast Energy.”
East Coast Energy Inc. is a privately-held exploration and development company with a coal gas production agreement with the province of Nova Scotia covering approximately 9,031 hectares (22,578 acres) in the Pictou Coalfield.
Heritage Gas Limited is a Nova Scotia-based company formed in 2003 for the purpose of operating a regulated natural gas distribution franchise in the province. Heritage Gas provides natural gas service to more than 6,000 customers in Halifax, Pictou, Amherst and Oxford. The company is owned by AltaGas Utility Group Inc., an indirect wholly
owned subsidiary of AltaGas Ltd., based in Calgary, Alberta.