TC Energy, the North American natural gas pipelines operator with US and Mexican pipelines and the Coastal GasLink to supply Canadian LNG projects, is now counting the cost of the Biden Administration’s 2021 cancellation of the Keystone XL oil pipeline from Canada to the US Midwest.
The American Gas Association (AGA) has filed for a re-hearing and clarification on a regulatory clampdown on interstate natural gas facilities by saying that the greenhouse-gas emissions issue is being misused by government.
TC Energy, the North American pipeline company, said it was working with the Royal Dutch Shell-led LNG Canada project on a revised timetable and budget because of Covid-19 delays while boosting US Gulf Coast LNG feed-gas supplies as it posted first-quarter losses after the cancellation of the Keystone XL oil pipeline.
Pembina Pipeline Corp., developer of the now blocked Jordan Cove LNG export plant in the US northwest state of Oregon, took a hit in its fourth-quarter earnings after the project was the first hydrocarbon venture stopped by the Biden Administration, though Pembina said Jordan Cove and two other ventures remained in its strategy.