Transcanada

Calgary, Alberta-based TransCanada Corp. said Thursday it was in discussions with a third party on a “potential transaction” but no agreement has been reached, reacting to reports in financial news media that it is eyeing a deal with Houston-based Columbia Pipeline Group Inc. Some reports on Thursday speculated that talks had hit a standstill.

Work has been suspended on a C$1.9 billion ($1.4 billion) planned British Columbia (BC) addition to TransCanada Corp.’s western supply collection network, Nova Gas Transmission Ltd. (NGTL) until shippers set a schedule for the long-proposed liquefied natural gas (LNG) export project in Kitimat.

Natural gas shippers will save C$506 million (US$364 million) as a result of TransCanada Corp.’s proposed partial conversion of its natural gas Mainline to oil service, the pipeline company predicted.

TransCanada Corp. has filed a lawsuit in U.S. federal court and said it intends to initiate a claim under the North American Free Trade Agreement (NAFTA) over the Obama administration’s rejection of the controversial Keystone XL oil pipeline. The company is seeking $15 billion damages.

Replacing natural gas delivery capacity has grown into a C$2.1 billion (US$1.5 billion) parallel construction project to the proposed Energy East partial conversion of TransCanada Corp.’s Mainline into oil service.

Discovery of a western devil in the details of an eastern settlement on TransCanada Corp.’s proposed partial conversion of its natural gas Mainline to oil service has ignited a new protest.

Imports from the United States into Ontario and Quebec are expected to rise by up to 20% when TransCanada Corp. completes the next addition to the eastern legs in its natural gas Mainline in November 2017.

TransCanada Corp. on Wednesday pulled its Keystone XL crude oil pipeline application pending before Nebraska regulators for a proposed route through the state following the Obama administration’s decision to reject its request for a Presidential permit earlier this month (see Shale Daily, Nov. 6).

TransCanada Corp.’s natural gas supply network in Alberta and British Columbia, Nova Gas Transmission Ltd. (NGTL), will continue growing — but at a reduced rate — after completing additions now under way.