North Atlantic Pipeline Partners, L.P. (NAPP) was formed in late 1996 as a subsidiary of DeepTech International, Inc. (DeepTech) to develop and provide the initial natural-gas transmission facilities required to transport the discovered natural-gas reserves from the Sable Island Area offshore Nova Scotia to the North American natural-gas grid. An application to construct the initial facilities was filed with Canada's National Energy Board in 1997 at a substantial cost.
Although the initial transmission facilities were awarded to a competing applicant, NAPP continued its efforts to expand the pipeline infrastructure offshore Atlantic Canada with a particular emphasis on the substantial "stranded-gas reserves" offshore Newfoundland from the Hibernia, Terra Nova and White Rose fields.
NAPP was restructured in 1998, as DeepTech was sold to El Paso Energy and the Company was spun off to private equity holders. Starting in 1998, NAPP formed several joint ventures to pursue new technology to recover and transport natural-gas from remote locations.
Currently, joint efforts include projects to support the development of offshore buoy natural-gas import facilites by providing strategic transhipment and storage facilities in Atlantic Canada and the Caribbean. Both projects will improve and enhance Liquefied Natural Gas (LNG) deliveries to North America and also make available new, competitively priced energy supplies to local markets.
