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Terminal News

TransCanada to build coastal GasLink pipeline project

TransCanada to build coastal GasLink pipeline project
TransCanada will construct the Coastal GasLink pipeline project following the decision to sanction the LNG Canada natural gas liquefaction project.

The project is a 670 kilometre pipeline designed to transport natural gas from the Montney gas-producing region near Dawson Creek, British Colombia to the LNG Canada facility in Kitimat. The pipeline will have an initial capacity of 2.1 billion cubic feet per day (Bcf/day) with the potential for expansion to up to 5 Bcf/day.

Construction on the CAD$6.2 billion project is expected to begin in early 2019 with a planned in-service date in 2023. It is underpinned by a 25-year transportation service agreement with the LNG Canada participants.

Russ Girling, TransCanada's president and CEO says: 'Once constructed, Coastal GasLink will become a critical component of British Columbia's natural gas pipeline infrastructure, connecting our abundant, low-cost natural gas resources to global markets.

'Solid underlying market fundamentals combined with robust commercial support for the project, position us to prudently fund Coastal GasLink over its multi-year construction along with our existing $28 billion near-term capital programme in a manner consistent with our long-established strong financial profile.'



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