MGM Signs to Enter Mackenzie Gas Project

MGM Energy has entered into a Capacity Request Agreement with the owners of the Mackenzie Gathering System (MGS) portion of the Mackenzie Gas Project.

The Capacity Request Agreement provides MGM Energy with 200 MMcf/d of capacity on the MGS, which will feed into the proposed Mackenzie Valley pipeline. In addition, the Capacity Request Agreement gives MGM Energy the option to own its share of the MGS.

The 200 MMcf/d of capacity acquired by MGM Energy will be used to transport MGM Energy owned and certain partner natural gas from the Mackenzie Delta region to the proposed Mackenzie Valley pipeline.

"We're extremely pleased to have reached this agreement with the proponents of the Mackenzie Gas Project," said Henry Sykes, president of MGM Energy Corp.