Come rain or shine, pipeline protesters or pandemic, Alberta-based TC Energy has managed to rise above the fray as one of North America’s largest, most successful midstream players with a massive circuitry of natural gas infrastructure in the U.S. While the company continues to brave headwinds to construct the 1,200-mile Keystone XL Pipeline that would connect Canadian tar sands crude to the largest refineries in the U.S., TC Energy continues to reveal its midstream Energizer Bunny, which keeps going and going.
TC Energy Corporation is a major North American energy company, based in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, and Mexico. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.
RMR is following the latest two news reports from TC, which has announced the sale of its 65% equity interest in the Coastal GasLink Pipeline Project for $2.1 billion. The proposed 416-mile Coastal GasLink Pipeline which, once completed, will offer an initial capacity of 2.1 BCFPD and connect Western Canadian gas to a Canadian LNG export facility. Next up is TC Energy’s completion of the first 1.2-mile section of the Keystone XL Pipeline in northern Mont. This follows a May 15 ruling that canceled a key permit from the U.S. Army Corps of Engineers and affects all new oil and gas pipeline construction in the S.D.-Mont., area. RMR will continue to follow this.
Aside from the long-embattled Keystone XL, TC Energy is moving forward with two new natural gas pipeline expansions because you can’t put all your eggs in one basket. Allocating $1.3 billion for both projects, TC will extend its NGTL system (also known as NOVA) by 214 miles. NOVA transports gas supplies from the Western Canadian Sedimentary Basin to markets within Alberta. The company’s 10,600-mile ANR Pipeline, which extends from Alberta to U.S. LNG export facilities and other markets along the nation’s Gulf Coast, will offer more additions and compressor station modifications. The two-legged ANR Pipeline transports natural gas from Okla., Texas, and La., converges in near Chicago, and flows clean energy to Wisc., Mich., Ill., and Ohio.
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