Construction set to start on the 2021 NOVA Gas Transmission Ltd. (NGTL) System Expansion Project
20 Ottobre 2020 - 7:41PM
Media Advisory – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy)
received approval from the Government of Canada for its 2021 NGTL
System Expansion Project, and is awaiting the details of the
updated conditions to be released. For more information on the
approval, please visit the Natural Resources Canada
website.
NGTL expects that this approval will allow it to
immediately progress construction activities in accordance with
regulatory requirements, with compressor station field work
expected to begin in December 2020 and pipeline construction
activities expected to start in January 2021.
“We’re pleased to be moving forward with this
project,” said Tracy Robinson, Executive Vice-President, President
Canadian Natural Gas Pipelines and President Coastal GasLink. “This
capacity is vital to our customers, our industry and to the people
who rely on the energy we deliver. We estimate this project will
create up to 5,500 well-paying construction jobs for both
Indigenous and non-Indigenous workers and will bring a much-needed
economic boost to communities across Canada, especially in
Alberta.”
Once facilities are placed in service, which will
occur through 2021 and into 2022, the 2021 NGTL System Expansion
Project will provide critical incremental capacity to our customers
for the safe and reliable delivery of the energy people need, every
day. Customers critically anticipating these services include:
- local distribution
companies who require increased access to natural gas to serve
consumers and heat homes;
- power producers who
are attempting to fuel switch from coal to natural gas to reduce
emissions and continue providing reliable power to consumers;
- petrochemical
companies who require natural gas in their manufacturing processes;
and
- natural gas
producers who provide North American markets access to
clean-burning natural gas, including markets in Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and the U.S.
This project is a critical component of the $9.9
billion NGTL infrastructure program underway, which will add 3.5
Bcf/d of incremental delivery capacity between 2020 and 2024.
About the NGTL SystemIn Canada, we
have a very large natural gas source known as the Western Canadian
Sedimentary Basin (WCSB) in addition to smaller natural gas
sources. The NGTL System is a 25,000-km (15,000-mile) pipeline
system located primarily throughout Alberta and northeast British
Columbia – where the WCSB is located – and connects with other
pipeline systems to deliver gas across North America. According to
the Canadian Gas Association, natural gas meets 35 per cent of
Canada’s energy needs through heat and power. Learn more about the
NGTL System by visiting Explore Energy.
About TC EnergyWe are a vital part
of everyday life - delivering the energy millions of people rely on
to power their lives in a sustainable way. Thanks to a safe,
reliable network of natural gas and crude oil pipelines, along with
power generation and storage facilities, wherever life happens —
we’re there. Guided by our core values of safety, responsibility,
collaboration and integrity, our more than 7,500 people make a
positive difference in the communities where we operate across
Canada, the U.S. and Mexico.
TC Energy’s common shares trade on the Toronto
(TSX) and New York (NYSE) stock exchanges under the symbol TRP. To
learn more, visit us at TCEnergy.com.
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Media Inquiries:Kelly Matthews /
Jaimie Harding403-920-7859 or 800-608-7859
Investor & Analyst
Inquiries:David Moneta / Hunter Mau403-920-7911 or
800-361-6522
PDF
available: http://ml.globenewswire.com/Resource/Download/346ee7b1-c730-436c-bf7f-7b53b4c395a6
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