LNG

March 18 (LNGJ) - Calgary-based TransCanada Corp., the builder of feed-gas pipelines for LNG projects in British Columbia, said it agreed to pay $13 billion to buy Columbia Pipeline Group Inc. in a deal that would connect some of the most prolific natural gas supply basins in North America and give the Canadian company access to US shale gas. “The acquisition represents a rare opportunity to invest in an extensive, competitively-positioned, growing network of regulated natural gas pipeline and storage assets in the Marcellus and Utica shale gas regions,” said Russ Girling, TransCanada's President and Chief Executive. “The assets complement our existing North American footprint which together will create a 91,000-kilometre (57,000-mile) natural gas pipeline system connecting the most prolific supply basins to premium markets across the continent,” Girling stated.