LNG

Canadian pipeline company TC Energy Corp. said its subsidiary Nova Gas Transmission Ltd. (NGTL), has executed a letter of intent with Calgary-based Tidewater Midstream and Infrastructure Inc. and TransAlta Corp. to pay C$255 million (US$185M) to acquire the Pioneer Pipeline.

Nov 1 (LNGJ) - TransCanada Corp., the pipeline company that will transport feed-gas to LNG plants such as LNG Canada being developed by Royal Dutch Shell and its Asian partners in British Columbia, said it would move forward with a $1.5 billion expansion of its NOVA Gas Transmission Ltd. (NGTL) System to connect existing and new supply to incremental intra-basin market demand. “The NGTL System continues to expand as parties require and contract for greater pipeline capacity to meet the growing demand for clean-burning natural gas from domestic and export markets,” said Russ Girling, TransCanada’s President and Chief Executive. “This new investment brings the capacity expansion programs underway on the NGTL System to more than $9 billion,” added Girling. TransCanada noted that shippers had already executed 377 million cubic feet per day of firm receipt services from November 2021 that will connect incremental Montney shale gas and Deep Basin supply to the system.

British Columbia, the Canadian province seeking an LNG export and energy industry while many of its politicians and interest groups actively oppose the energy sector, has this week seen several landmark events relating to energy policies.

TransCanada Corp., the Canadian and North American pipeline and infrastructure operator, has completed its second binding capacity expansion on its Nova Gas Transmission Ltd. (NGTL) system for pipeline commitments to the Empress-McNeill export delivery point onward to the US border for surplus volumes formerly expected to be shipped as LNG from British Columbia to Asia.