NEB approves TransCanada’s $1.4B North Montney Mainline project [Business News Network (BNN) Energy & Resources (Canada)]
TC Energy Corporation (TRP)
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Source: Business News Network
NEB approves TransCanada’s $1.4B North Montney Mainline project CALGARY - The National Energy Board has approved construction of a natural gas pipeline originally intended to supply the Pacific NorthWest LNG export terminal near Port Edward, B.C., even though that $36-billion project was cancelled last July. The NEB says it will grant an amendment to Nova Gas Transmission Ltd., a subsidiary of Calgary-based TransCanada Corp., to remove the requirement that its construction be preceded by a positive investment decision on the liquefied natural gas export terminal on B.C.'s coast. The approval allows TransCanada to construct the majority of its North Montney Mainline project at a cost of about $1.4 billion, allowing it to bring gas from northern B.C. through 300 kilometres of pipeline to connect with existing pipe about 35 kilometres southwest of Fort St. John, B.C. It has proposed beginning construction this year and bringing it into service, with the gas flowing east instead of west,
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