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Stock impact report

LNG Canada signs key pipeline agreement required for phase two expansion [Yahoo! Finance Canada]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
capacity to supply a second phase of the liquefied natural gas export facility in British Columbia, pending a final investment decision. If it proceeds, the pipeline's expansion would be built under “a new execution model” involving both LNG Canada and Coastal GasLink — the pipeline partnership operated by TC Energy Corp. — according to a statement released Wednesday. The agreements would see LNG Canada lead construction of the expansion as “execution manager” while TC Energy-backed Coastal GasLink would take on a technical support role — a move apparently intended to transfer more of the construction and cost overrun risk to the LNG facility's owners. “The commercial structure includes limits on CGL's capital commitments and overall liability for construction cost and schedule risks,” TC said in a statement. “This is consistent with TC Energy's strategic objectives to reduce project execution and capital allocation risk.” TC Energy completed the original Coastal GasLink proje Show less Read more
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