Houston (Platts)--16Nov2012/337 pm EST/2037 GMT

Spectra Energy's recent open season for its Algonquin Incremental Market project garnered "robust interest" from shippers looking to capitalize on growing natural gas production and increasing demand in the northeastern US, a company spokeswoman said Friday.

Spectra's open season concluded November 2, and sought shippers looking to obtain firm transportation service from a receipt point along the Algonquin Gas Transmission system's Ramapo point to multiple existing and proposed mainline delivery points up to and including the head of the G-system, a segment of the system from Mendon to Bourne in Massachusetts that is often fully utilized throughout the heating season.

Spectra has executed an agreement with an anchor shipper for the project, but Marylee Hanley, a Spectra spokeswoman, said the company would not disclose the name of that shipper at this time.

"The next steps entail examining the specifics of each bid made during the open season and then entering into definitive agreements that are reflective of the desired terms with all interested parties," Hanley said.

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In an earlier website posting, Spectra said it would contemplate a project expansion capacity of 450,000 Dth/d and is willing to consider alternate receipt points as far upstream as Mahwah, as well as alternate delivery points, and increased or reduced levels of capacity, depending on economics.

The AIM project has an expected in-service date of November 1, 2016, Hanley said.

--Leticia Vasquez, leticia_vasquez@platts.com --Edited by Carla Bass, carla_bass@platts.com

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