TC Energy expects its Coastal GasLink pipeline project to cost $8.72 billion (C$11.2 billion), nearly 70% higher than initially budgeted. The long-delayed pipeline is expected to be integral to Canada's contribution to the global liquid natural gas (LNG) market, which has seen demand surge as Europe and Asia seek alternatives to Russian energy imports. TC Energy also said it has settled long-running disputes with LNG Canada, a consortium led by Royal Dutch Shell, over the project, adding the pipeline is about 70% complete and is expected to be in mechanical in-service by the end of next year. The 416-mile (670-km) Coastal GasLink pipeline, announced in 2018, is being built to transport natural gas to an LNG Canada facility at the west coast of British Columbia, Canada's first LNG export terminal.
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