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TransCanada to Construct Pipeline to Feed LNG Canada Facility

TransCanada Corporation announced today that it will proceed with construction of the Coastal GasLink pipeline project to serve LNG Canada’s proposed liquefaction and LNG export facility in Kitimat, British Columbia (B.C.). Today, LNG Canada announced a positive final investment decision to move forward with the project.  According to the press release, “Coastal GasLink is a...

TransCanada Receives Permit for LNG Canada Feeder Pipeline

TransCanada Corporation announced that it has received the last of the permits it needs from the British Columbia (B.C.) Oil and Gas Commission to build and operate the Coastal GasLink pipeline, a 670-kilometre pipeline that would bring gas from the Groundbirch area near Dawson Creek to the proposed LNG Canada liquefaction and export terminal near Kitimat, B.C. for export to Asian...

Alaska Gasline Development Corporation Acquires TransCanada’s Interests in the Alaska LNG Export Project

The Alaska Gasline Development Corporation’s (AGDC) board of directors has accepted the conveyance of TransCanada’s interests in the Alaska LNG export project and authorized a payment of $64.6 million to TransCanada for those interests.  According to the press release, “AGDC already holds the State of Alaska’s equity interest in the Alaska LNG project’s liquefaction facility planned...

Alaska Legislature Approves State Buyout of TransCanada’s Share of the Alaska LNG Project

The Alaska Journal of Commerce reports that the Alaska legislature has approved the state’s buyout of TransCanada’s share of the proposed Alaska LNG Project (AKLNG), consisting of an 800 mile pipeline to access North Slope gas supplies and a liquefaction and LNG export terminal at Nikiski.  Currently, TransCanada owns 25% of the gas treatment plant and 25% of the pipeline portion of...

TransCanada Calls Alaska LNG Project No Longer Commercially Reasonable

KTUU reports that TransCanada representative Vincent Lee told Alaska state legislators last week that his company supports Alaska’s buyout of TransCanada’s share of the Alaska LNG Project because the project “is no longer commercially reasonable” as currently structured.  The legislature has been meeting to discuss the state’s possible buyout of TransCanada in the Alaska LNG Project,...

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