TC Energy Corp. has again upwardly revised the expected cost of the Coastal GasLink (CGL) natural gas pipeline in Western Canada, citing challenges on multiple fronts.

TC now expects the project to cost C$14.5 ($10.9 billion), up from C$11.2 billion ($8.4 billion) forecasted in its third-quarter 2022 earnings report.

“The project continues to face material cost pressures that include challenging conditions in the Western Canadian labor market; shortages of skilled labor; impacts of contractor underperformance and disputes; as well as other unexpected events like drought conditions and erosion and sediment control challenges,” management said Wednesday.

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