TC Energy to Receive C$199M for Coastal GasLink Pipeline Project [Yahoo! Finance]
TC Energy Corporation (TRP)
Last tc energy corporation earnings: 5/1 07:30 am
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Source: Yahoo! Finance
as part of a new commercial agreement linked to the Coastal GasLink pipeline project. This momentous update was revealed during TRP's Investor Day on Nov. 19, where executives shared insights into its forward-looking strategic vision and growth plans. The Coastal GasLink pipeline is an integral part of Canada's energy infrastructure, designed to deliver natural gas to LNG Canada's export terminal in Kitimat, British Columbia. This terminal is poised to become a crucial player in the global energy market, with the first liquefied natural gas (“LNG”) shipments scheduled for mid-2025. By connecting natural gas supplies to the export terminal, the Coastal GasLink pipeline should contribute to meeting North America's growing demand for sustainable, affordable energy. Despite facing challenges, including regulatory fines and operational hurdles, the project remains within its estimated C$14.5 billion budget, showcasing TC Energy's resilience and ability to cross complex project manageme
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