Another Canadian LNG project blocked as hits keep coming for natural gas producers [Financial Post (Toronto, Ontario, Canada)]
TC Energy Corporation (TRP)
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Source: Financial Post
Another Canadian LNG project blocked as hits keep coming for natural gas producers Amid the turmoil, domestic gas companies and pipeline companies are looking for more inventive ways to move natural gas out of Western Canada CALGARY – The Coastal GasLink pipeline connected to a massive liquefied natural gas export project in Kitimat is not the only gas project facing challenges on the West Coast. Last week, the U.S. energy regulator dealt Calgary-based Pembina Pipeline Corp. a surprise setback in its bid to build the US$8-billion project on the U.S. West coast. The U.S. Federal Energy Regulatory commission voted 2-1 to delay a decision on the gas export facility on the Oregon coast that would send Canadian gas to Asian markets. It was the second time FERC had denied or deferred the Jordan Cove application, and stymies effort by landlocked Canadian gas producers to find new markets beyond Alberta. “I’ve become so numb to all of these delays,” Raymond James analyst Jeremy McCrea said, a
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- 4/16/24 - Form 6-K
- TRP's page on the SEC website