TC Energy inks new deals for GasLink expansion

TC Energy announced that its Coastal GasLink pipeline has signed commercial agreements with LNG Canada to advance the project's second phase. The agreements de-risk progression of the pipeline and support future LNG export capacity, a positive operational development for both companies though lacking financial detail and unlikely to move markets materially on its own.

Analysis

TC Energy announced that its Coastal GasLink pipeline has signed commercial agreements with LNG Canada to advance the project's second phase. The agreements de-risk progression of the pipeline and support future LNG export capacity, a positive operational development for both companies though lacking financial detail and unlikely to move markets materially on its own.