Calgary-based TC Energy is spending $1.3 billion to expand pipeline capacity for Alberta natural gas producers and to the U.S. Gulf Coast to meet growing demand there..TC Energy announced the two expansion projects in a press release on the company’s website Thursday morning..“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 $30 billion secured capital program 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.”.TC Energy said the company will begin filing applications for regulatory approvals in Canada and the U.S. this year. Barring unforeseen delays, TC Energy anticipates construction to begin in the fall and winter of 2021..NGTL Intra-Basin System Expansion project will expand access for the Western Canadian Sedimentary Basin within Alberta on TC Energy’s wholly-owned NOVA Gas Transmission Ltd. System. The project is expected to cost $900 million dollars..The second project, called the Alberta XPress, will expand the ANR pipeline “to provide a seamless path for Canadian production to access growing LNG export and other markets along the U.S. Gulf Coast.”.The construction of the Alberta XPress will take place solely in the U.S. and connect existing TC Energy and ANR pipelines. The project is expected to cost $300 million US..TransCanada Corp., in partnership with TC pipelines, acquired the American-owned ANR Pipeline Co for $4.135 billion US in 2007..Premier Jason Kenney said the announcement was “very good news” on social media..“(The project) will create constructions [sic] jobs, and increase market access for struggling Alberta natural gas producers.”.The Alberta government has extended tax breaks for qualifying natural gas producers in rural Alberta into 2020. The temporary measure, introduced in July 2019, was expected to save natural gas producers around $23 million in property tax discounts..Deirdre is a Senior News Reporter with Western Standard.story ideas? dmaclean@westernstandardonline.com @Mitchell_AB on Twitter
Calgary-based TC Energy is spending $1.3 billion to expand pipeline capacity for Alberta natural gas producers and to the U.S. Gulf Coast to meet growing demand there..TC Energy announced the two expansion projects in a press release on the company’s website Thursday morning..“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 $30 billion secured capital program 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.”.TC Energy said the company will begin filing applications for regulatory approvals in Canada and the U.S. this year. Barring unforeseen delays, TC Energy anticipates construction to begin in the fall and winter of 2021..NGTL Intra-Basin System Expansion project will expand access for the Western Canadian Sedimentary Basin within Alberta on TC Energy’s wholly-owned NOVA Gas Transmission Ltd. System. The project is expected to cost $900 million dollars..The second project, called the Alberta XPress, will expand the ANR pipeline “to provide a seamless path for Canadian production to access growing LNG export and other markets along the U.S. Gulf Coast.”.The construction of the Alberta XPress will take place solely in the U.S. and connect existing TC Energy and ANR pipelines. The project is expected to cost $300 million US..TransCanada Corp., in partnership with TC pipelines, acquired the American-owned ANR Pipeline Co for $4.135 billion US in 2007..Premier Jason Kenney said the announcement was “very good news” on social media..“(The project) will create constructions [sic] jobs, and increase market access for struggling Alberta natural gas producers.”.The Alberta government has extended tax breaks for qualifying natural gas producers in rural Alberta into 2020. The temporary measure, introduced in July 2019, was expected to save natural gas producers around $23 million in property tax discounts..Deirdre is a Senior News Reporter with Western Standard.story ideas? dmaclean@westernstandardonline.com @Mitchell_AB on Twitter
