The latter has been described as a partnership between Encana and Cutbank Dawson Gas Resources Limited – a subsidiary of Mitsubishi Corporation.

Veresen Midstream has also agreed to undertake up to $5 billion of new midstream expansion for Encana and CPR in the Montney region under a 30 year, fee-for-service arrangement.

Veresen Midstream – a new entity for Veresen Incorporated – will be the company’s primary growth vehicle for its Canadian natural gas and natural gas liquids midstream business.