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Enter Symbol
or Name
USA
CA



TransCanada Corp
Symbol TRP
Shares Issued 800,327,171
Close 2016-09-28 C$ 62.45
Market Cap C$ 49,980,431,829
Recent Sedar Documents

Globe says TransCanada hears Petronas's muted reaction

2016-09-29 07:36 ET - In the News

The Globe and Mail reports in its Thursday edition that the consortium behind a massive energy project approved by the federal cabinet is hesitant about forging ahead even after investing billions of dollars in British Columbia. The Globe's Brent Jang and Shawn McCarthy write that Pacific NorthWest LNG, led by Malaysia's Petronas, will need months to examine more than 190 conditions attached to Ottawa's approval of a proposed B.C. terminal to export liquefied natural gas from Lelu Island. "Petronas and its partners will study the conditions imposed by the Canadian authorities and conduct a total review of the proposed project prior to deciding on the next steps forward," Petronas said in a statement from Kuala Lumpur. It was a muted response to an announcement made with great fanfare on Tuesday in Richmond, with Premier Christy Clark, who has made LNG a central component of her re-election strategy. Petronas's response appeared to be a retreat for a company that has bet heavily on Canada's resource industry. In 2012, the Malaysian company paid $5.2-billion to acquire Progress Energy Canada. TransCanada plans to build two pipelines at a cost of $6.7-billion to move the gas from northeast B.C. to Lelu Island.

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