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TransCanada eyes 2019 construction start for Canada's Coastal GasLink

Published 05/17/2018, 02:52 PM
© Reuters.  TransCanada eyes 2019 construction start for Canada's Coastal GasLink
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  • Construction on TransCanada’s (TRP -1.6%) C$4.8B (US$3.8B) Coastal GasLink pipeline will start in early 2019, pending a positive final investment decision on the LNG Canada project, the head of the pipeline project says.
  • The comments follow Tuesday's stated commitment from the head of LNG Canada that the C$40B liquefied natural gas export terminal would be under construction in 2018, with a final investment decision expected this year.
  • TRP expects to award contracts for the construction to four consortiums within the next two months, says Coastal Gaslink President Richard Gateman.
  • The 415-mile Coastal GasLink pipeline would cross two mountain ranges to connect shale fields in Alberta and northeast British Columbia with the proposed LNG Canada export terminal on B.C.’s northwest coast.
  • Now read: TC PipeLines: The Worst (Est) Performing MLP Since The FERC Decision - Part II


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