TransCanada Clears Last Regulatory Hurdle Before Investment Decision on British Columbia Gas Pipeline

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TransCanada Clears Last Regulatory Hurdle Before Investment Decision on British Columbia Gas Pipeline

Mon, 05/09/2016 - 10:05
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the Coastal GasLink Pipeline Project (© 2016 Coastal GasLink)
the Coastal GasLink Pipeline Project (© 2016 Coastal GasLink)

TransCanada has received the final permits from the B.C. Oil and Gas Commission for the $4.8 billion, 650 km Coastal GasLink pipeline from northeast B.C. to the west coast B.C. to serve export markets.

The Shell-led LNG Canada consortium is expected to make a final investment decision on the natural gas project in late 2016 and, if approved, TransCanada could start pipeline construction next year.

"This is a significant regulatory milestone for our project, which is a key component of TransCanada's growth plan that includes more than $13 billion in proposed natural gas pipeline projects which support the emerging liquefied natural gas industry on the British Columbia Coast," said Russ Girling, TransCanada's president and chief executive officer.

"Acquiring these 10 permits demonstrates our commitment in developing this project to the highest standards of environmental protection while delivering benefits to British Columbians and Canadians for decades to come," added Girling.

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