10:46:21 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,029,475,538
Close 2023-08-04 C$ 48.19
Market Cap C$ 49,610,426,176
Recent Sedar Documents

Globe says TC Energy facing a flood of opportunity

2023-08-08 07:51 ET - In the News

The Globe and Mail reports in its Tuesday edition that TC Energy is arguably at the forefront of the opportunity that exists for energy infrastructure development in North America. The Globe's guest columnist Ryan Bushell writes that it likely matters little whether the plan to split TC Energy is successful or not. The 15 per cent of the company devoted to oil transportation being spun off is immaterial relative to the current size and opportunities ahead. Recently announced final investment decisions for greenfield and brownfield liquefied natural gas facility expansions put total North American LNG export capacity on course to double over the next decade from about 15 billion cubic feet a day to nearly 30 bcf/d. TC Energy already moves 25 per cent of the natural gas on the continent, including 30 per cent of U.S. LNG feed gas, and will move all molecules headed for the LNG Canada project when it comes on stream later this decade. The sheer magnitude of this continuing continental expansion requires significant infrastructure to support development, and TC Energy is poised to capitalize on at least its fair share of the opportunity. TC Energy is looking to reorganize ahead of the coming flood of opportunity.

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