TC Energy announces two expansion projects

摘要

TC Energy Corporation (TC Energy) has announced that it has approved two new expansion projects totalling CAN$1.3 billion on its wholly-owned natural gas pipeline systems. The CAN$0.9 billion 2023 NGTL Intra-Basin System Expansion will deliver natural gas from the Western Canadian Sedimentary Basin (WCSB) to markets within Alberta, Canada, on the NOVA Gas Transmission Ltd (NGTL) system, while the US$0.3 billion Alberta XPress project will see the expansion of the ANR Pipeline to provide a seamless path for Canadian production to access growing LNG export and other markets along the US Gulf Coast. "Our natural gas pipeline systems require expansion as customers continue to contract for incremental pipeline capacity to meet growing demand," said Russ Girling, TC Energy's President and Chief Executive Officer. "These new investments within our existing system footprints supplement our ongoing CAN$30 billion secured capital programme and demonstrate the long-term need across North America and in global energy markets for clean-burning natural gas, as well as the value of our existing infrastructure as a platform for organic growth."