05:16:24 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



TC Energy Corp
Symbol TRP
Shares Issued 1,037,487,829
Close 2024-03-14 C$ 54.67
Market Cap C$ 56,719,459,611
Recent Sedar Documents

Globe says TC Energy selling LNG project to Nisga'a

2024-03-15 08:21 ET - In the News

The Globe and Mail reports in its Friday edition that the Nisga'a Nation and Western LNG are buying TC Energy's plans for a pipeline across British Columbia in an effort to bolster a proposal for exporting liquefied natural gas. The Globe's Brent Jang writes that the new owners will be taking over TC Energy's Prince Rupert Gas Transmission (PRGT) pipeline plans in an effort to supply natural gas to the Ksi Lisims LNG project on the West Coast. The PRGT route was originally intended to stretch nearly 900 kilometres from northeast B.C. to Lelu Island near Prince Rupert, and transport natural gas to Pacific NorthWest LNG. However, Malaysia's state-owned Petronas cancelled the Pacific NorthWest joint venture in 2017. Revisions need to be made to shorten the pipeline route so that natural gas would be transported from northeast B.C. to the Ksi Lisims site at Wil Milit on Pearse Island. Eva Clayton, president of the Nisga'a Lisims government, said the purchase of PRGT marks a historic time for the Nisga'a, which will co-own PRGT with Texas-based Western. "In taking an equal ownership role in this pipeline, we are signalling a new era for Indigenous participation in the Canadian economy," Ms. Clayton said in a statement.

© 2024 Canjex Publishing Ltd. All rights reserved.