11:20:27 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,022,761,266
Close 2023-05-08 C$ 56.09
Market Cap C$ 57,366,679,410
Recent Sedar Documents

Globe says TC Energy helps give Mexico the edge on LNG

2023-05-09 07:54 ET - In the News

The Globe and Mail reports in its Tuesday edition that Mexico is poised to catch the next wave of demand for liquefied natural gas and surpass Canada in the global race to be a new entrant for exporting the fuel. The Globe's Brent Jang writes that momentum for LNG exports from Mexico increased after Europe experienced an energy crunch triggered by Russia's invasion of Ukraine in February, 2022. While Mexico's exports would start out relatively modest, it is on track to handily beat Canada. Analysts forecast that the United States will be the top LNG exporter in 2023, followed by either Australia or Qatar. If most of the Mexican LNG projects and proposals get built, Mexico could eventually become the world's fourth-largest exporter of the fuel. Canada recently ranked the world's sixth-largest producer of natural gas, but it does not have any LNG export terminals yet. TC Energy is a key infrastructure player in Mexico. It already operates seven pipelines in Mexico and has plans for an offshore natural gas line called Southeast Gateway, to be built along the Gulf Coast. An important goal of the project is to secure U.S. natural gas for Mexican electricity generation as the country aims for lower carbon alternatives.

© 2024 Canjex Publishing Ltd. All rights reserved.