TC Energy reached mechanical completion of its Coastal GasLink pipeline
TC Energy returning to its roots
Leaner North American midstream behemoth looks to strategic success with renewed gas focus
Francois Poirier, president and CEO of North American midstream giant TC Energy Corporation, said 2023 was one of its “most transformational years” during the company’s fourth-quarter earnings call in February. TC Energy reached mechanical completion of its Coastal GasLink pipeline, shed billions of dollars of assets, and announced a plan to spin off its liquids pipeline business to regain confidence of investors and credit rating agencies spooked by its high debt load—caused partly by massive cost overruns constructing its newest pipeline. The projected cost of Coastal GasLink—the first new route to the Canadian west coast in seven decades and the first to directly ship Western Canadian gas
Also in this section
16 September 2024
The third part of our fourth chapter on the history of oil takes the story of gas to the present day with the rise of LNG and the creation of a truly global market
16 September 2024
Gas is difficult to move compared with oil, requiring additional infrastructure. The second part of our history of gas examines how expanding pipeline networks made it possible to monetise the fuel
16 September 2024
The first part of our fourth chapter on the history of oil looks at the origins of gas and LNG—once considered a nuisance, now a fuel of the future
13 September 2024
The Ukraine–Russia gas transit and interconnection agreements are due to expire at the end of this year, but despite some uncertainty, Europe seems well-prepared
