TC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on.
Play Video
The 670-kilometre pipeline, which will ship natural gas to LNG Canada’s export facility in Kitimat, British Columbia once complete, is now expected to cost around $14.5 billion — and could cost a further $1.2 billion if construction is extended into 2024, the company said in a release Feb. 1.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
We continue to be laser-focused on safely completing this critical piece of energy infrastructure at the lowest possible cost, which will enable Canada’s first direct path for LNG exports. The project will provide substantive benefits for Indigenous and local communities across the project route, our customers, the Western Canadian Sedimentary Basin, as well as playing a vital role in enabling global energy security and emissions reduction contributing to global climate goals.
The company said it is still targeting mechanical completion by the end of 2023, with commissioning and clean-up work continuing into 2024 and 2025. TC Energy, however, also acknowledged that its risk analysis had considered the potential impact of an extension of the construction schedule “well into 2024,” a delay which it estimates would increase the cost by up to $1.2 billion.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldilocks is back! Markets start 2023 in red-hot formAfter $14-trillion was wiped off world shares in 2022, $4-trillion has been added back this month
Read more »
Sudbury gas at 155.9 to start the work weekOntario gas price average is 149.1
Read more »
Curve Finance: Few factors to consider before you leap into any CRV tradeCRV’s price has rallied by over 100% since the year started. Buyers can no longer support any further price rally, as bullish sentiment weakens. The price of Curve Finance’s CRV token has seen a significant increase, doubling in value since the beginning of the current bull cycle. Exchanging hands at $1.08 at press time, the […]
Read more »
Ford cuts price of electric Mustang Mach-E in response to Tesla - BNN BloombergFord Motor Co. is slashing the price of its electric Mustang Mach-E by an average of US$4,500 following Tesla Inc.’s own recent cuts, stepping up the price wars in a slowing EV market.
Read more »
Carey Price’s family plans to move from Montreal to B.C. - Montreal | Globalnews.caWhile answering a Q&A on Instagram this Sunday, Price's wife Angela said they will be moving to their custom-built home in Kelowna when their eldest child, Liv, finishes school.
Read more »
AAVE’s price consolidation could end at this range: Will investors benefitDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. AAVE could break out from its recent parallel channel pattern. Holders sustained a decline in gains during the price consolidation period. Aave’s [AAVE] recent rally offered investors and traders impressive returns. It rose from […]
Read more »