TC Energy Corp. is advancing $24 billion of commercially secured projects – mostly for natural gas capacity – as it charts a path to be the top energy infrastructure company in North America, “now and in the future,” said CEO François Poirier. TC, which reports in Canadian dollars (C$1.00/U.S. 79 cents), has nearly $18.2 billion…
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TC’s NGTL Rejected in Bid for LNG Canada Toll Discounts
TC Energy Corp. has lost a bid to use a toll discount to gain high-volume pipeline traffic for liquefied natural gas (LNG) exports by the Royal Dutch Shell plc-led terminal under construction on the northern Pacific coast of British Columbia (BC). The Canada Energy Regulator (CER) rejected the bargain rate sought by TC subsidiary Nova…
Canada Aids Trapped Coastal GasLink Construction Workers Amid Protests
The Royal Canadian Mounted Police (RCMP) deployed Thursday to rescue about 500 pipeline construction workers who had been trapped since Sunday by native protest blockades against TC Energy Corp.’s Coastal GasLink (CGL) project in northern British Columbia (BC). Reinforced RCMP squads established an access control point and stepped up patrols to clear protesters and barricades…
Wet’suwet’en First Nation Blocking TC Energy’s Coastal GasLink Work Site
After inconclusive territory negotiations and an unsuccessful protest lawsuit, native opponents have revived blockades against construction of TC Energy Corp.’s Coastal GasLink (CGL) pipeline across northern British Columbia (BC). BC Solicitor General Mike Farnworth called the resistance a hazard that violates a court order against interference with the project. He urged all concerned to end…
TC Energy Looks to ‘Quickly’ Resolve LNG Canada Dispute, Sanctions Electric Compression Project for Columbia Gas System
TC Energy Corp. management hopes to quickly resolve a dispute over ballooning costs related to the Coastal GasLink pipeline connecting gas supply in Alberta to the huge liquefied natural gas (LNG) project underway in British Columbia (BC). In its second quarter earnings report released last week, the Canadian midstream giant said it was in disagreement…
Petronas Inks $7B Deal to Supply LNG Canada Cargoes to CNOOC
Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…
TC Energy Urging Swift Regulatory Approval of LNG Canada Pipeline Deal
TC Energy Corp. has secured second place, behind Enbridge Inc., in a pipeline race to gain prized high-volume traffic bound for liquefied natural gas exports (LNG) from the northern Pacific coast of British Columbia (BC). “Time is of the essence,” said TC subsidiary Nova Gas Transmission Ltd. (NGTL) in a request for swift approval by…
Coastal GasLink’s Cost, Timeline Increase on Covid Workforce Slowdowns
The Covid-19 pandemic has inflicted increased construction costs and delay on Coastal GasLink, the conduit designed to supply the Royal Dutch Shell plc-led liquefied natural gas (LNG) export project underway in British Columbia (BC), according to TC Energy Corp. “We expect project costs will increase significantly and the schedule will be delayed,” TC management said…
Arc Resources, 7G Combination to Create Montney Natural Gas, Condensate Giant
Canada’s Arc Resources Ltd. and Seven Generations Energy Ltd. (7G) agreed to merge on Wednesday, a combination that would create one of the top natural gas operators in the country, with output centered in the Montney Shale. Combined production this year is estimated at 340,000 boe/d-plus, including 1.2 Bcf/d of gas and 138,000 b/d of…
LNG Canada Conduit Coastal GasLink, Other BC Energy Projects Temper Labor Force on Covid Outbreak
Construction schedules are under review in British Columbia (BC) for its entry into the global natural gas export market as a result of labor force limits that provincial public health authorities adopted to counter the impacts from the pandemic. “Long-term impacts to the overall schedule continue to be assessed,” said TC Energy Corp. Vice President…