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TC Energy Corp
Symbol TRP
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Close 2019-07-12 C$ 66.04
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Globe says TC Energy sees revival of Kitimat LNG

2019-07-15 08:22 ET - In the News

The Globe and Mail reports in its Monday edition that Chevron has submitted a revised plan to build a terminal to export liquefied natural gas from Northern British Columbia, hoping to start construction by 2023. The Globe's Brent Jang writes that California-based Chevron, through Chevron Canada, wants to revive the much-delayed Kitimat LNG project that it co-owns with Australia's Woodside Petroleum. New designs for the export terminal promote electric-motor technology in a bid to comply with B.C.'s clampdown on carbon emissions. Various owners have poured hundreds of millions of dollars into site preparation near Kitimat, but the project has been stalled for the past couple of years. Chevron and Woodside are now pursuing an all-electric plant, using hydroelectric power from BC Hydro. Kitimat LNG's proposed Pacific Trail pipeline would transport natural gas from the Summit Lake area in the B.C. Interior to the export site at Bish Cove. Part of Pacific Trail's route would go through the Wet'suwet'en Nation's unceded territory. Seven Wet'suwet'en hereditary house chiefs have led a campaign to oppose TC Energy's Coastal GasLink, which is being constructed to carry natural gas from northeast B.C. to LNG Canada's Kitimat site.

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