Following the sanctioning of LNG Canada’s Kitimat liquefaction facility, TransCanada will proceed with the construction of the Coastal GasLink Pipeline.
After a positive final investment decision by LNG Canada joint venture participants in early October, TransCanada has decided to proceed with the development of the 670 km natural gas pipeline from Montney gas producing region in British Columbia to the Kitimat facility.
The pipeline will have an initial capacity of 59.5 million m3/d, with the potential to expand to 141.6 million m3/d in the future.
“Today’s announcement signifies an important step forward for Coastal GasLink as well as for the province of British Columbia and the country,” said TransCanada President and CEO Russ Girling.
“The magnitude of the work undertaken over the past six years has been extensive.
“It demonstrates the commitment of our teams, our partners, British Columbian communities and Indigenous groups to work together toward a single goal of fostering an LNG industry off Canada’s West Coast that will help maximise the value of our important natural gas resources in a sustainable and responsible way.
“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,” he said.
“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 CA$28 billion (US$21.5 billion) near-term capital program in a manner consistent with our long-established strong financial profile.”
Construction activities are anticipated to start in early 2019, with a planned in-service date for 2023.
For more information visit the TransCanada website.
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