TC Energy Completes Pipe Installations at Troubled Coastal GasLink Project
(Reuters) — TC Energy said on Monday it had installed pipes across the entire route of its Coastal GasLink project, keeping the Canadian energy firm on track to complete the work by year-end.
The 670-km (416-mile) pipeline, co-owned with private equity firm KKR and Alberta Investment Management Corp, would carry natural gas to the LNG Canada facility on the west coast of British Columbia.
RELATED: 416-Mile Coastal GasLink Pipeline Project 98% Complete
The long-delayed C$14.5 billion project has been dogged by problems, including protests due to environmental concerns.
"With construction complete, we continue to progress a number of critical activities into 2024, such as clean-up, reclamation, and environmental protection activities," the company said in a statement.
Earlier this year, TC had sold a 40% interest in its Columbia Gas Transmission and Columbia Gulf Transmission pipelines to Global Infrastructure Partners (GIP) for C$5.3 billion ($3.82 billion) in a bid to raise more capital.
The company has also outlined plans to spin off its liquids pipeline business.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments