Niska Gas Storage signs new contract with TransCanada

Niska Gas Storage (NKA) signs a storage services agreement with TransCanada, its largest volumetric customer, replacing a previous agreement which contained an option to terminate effective April 1, 2015.

The new agreement provides for an initial capacity of ~40B cf, which will be reduced to 20B cf in 2017.

NKA +1.5% premarket.

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