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Stock impact report

New power projects, proposed data centres raising hope for Canada's natural gas industry [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
opportunities have punctuated third-quarter earnings calls in the Canadian oilpatch, providing a welcome bright spot for producers struggling with weak natural gas prices. The sector welcomed news last week that LNG Canada's second massive processing unit, known as Train 2, had begun production of liquefied natural gas. Canada's first major LNG export facility has been shipping cargoes since June, but technical challenges had slowed its ramp-up, exacerbating an oversupply of gas in Western Canada in the third quarter. Canadian producers and analysts expect the price gap between Canadian and U.S. natural gas — known as the basis differential — to narrow as new LNG export demand comes online. “LNG Canada will go from not doing anything in the first half of this year to (drawing) up to two billion cubic feet a day, we think as early as the first quarter of 2026,” Jamie Heard, vice-president of capital markets at Tourmaline Oil Corp. , said last week. “That's a very meaningful dem Show less Read more
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