Spectra Energy Corp.'s (SE) Texas Eastern Transmission LP executed a binding agreement for a minimum of 150 million cubic feet per day or Mmcf/d of firm transportation capacity with an affiliate of Range Resources Corp.(RRC) to bring new supplies of Appalachian natural gas to premium markets in the Northeast United States.
Also, the company noted that Texas Eastern is proposing an expansion to increase its system's capacity by up to 300 Mmcf/d, to keep pace with the rapidly emerging Appalachian production, commencing in fourth quarter 2012. The expansion is referred to as the Texas Eastern Appalachia to Market Expansion (TEAM) Program.
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