Updated Aug 22, 2024
8/22/24
In the largest transaction of its kind, TC Energy Corp. has agreed to sell equity interest in two of its Canadian natural gas pipelines to an Indigenous-owned investment partnership.
Natural gas futures gave back some of Tuesday’s gains Wednesday after TC Energy Corp. said it was able to isolate the impacts of a rupture of its Nova Gas Transmission Ltd. (NGTL) pipeline in Western Canada.
Natural gas futures found further momentum on Monday, rallying a second consecutive session amid bargain buying, hints of a potential pullback in U.S. production and wildfires that interrupted output in Canada and boosted cash markets.
An estimated 150,000 boe/d of natural gas and oil production was offline and thousands of residents had been evacuated early Monday as Western and Central Alberta dealt with more than 100 wildfires, with as many as 30 considered out of control.
Nova Gas Transmission Ltd. (NGTL) is days away from ramping up natural gas flows as operators work to bring fully online an extension of the 15,305-mile Canadian pipeline.
TC Energy Corp. is forecasting a roughly 30% year/year increase in capital expenditures (capex) this year, with the lion’s share allocated for natural gas pipeline expansions in the United States, Canada and Mexico.
After a 19-month regulatory case that generated a 293-page decision, approval has been recommended for the first Canadian pipeline project reviewed under rules enacted by the federal government in its 2019 Impact Assessment Act.
Natural gas flows on TC Energy Corp.’s North American pipelines were largely unaffected by the Covid-19 pandemic during the first quarter, management said Friday.
Western Canadian natural gas will keep a price gain this year that a pipeline delivery rule change achieved last fall, the top producer province is predicting.
TC Energy Corp. on Wednesday got a green light from Canadian regulators to advance an expansion of Nova Gas Transmission Ltd. (NGTL), allowing more natural gas supply to be moved from the Montney, Duvernay and Deep Basin formations.