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TC Energy Sees Higher Costs for Coastal Gaslink Pipeline

10/29/2020

(Reuters) — TC Energy Corp said it expects costs for its Coastal Gaslink pipeline in British Columbia to rise compared to the previously disclosed estimate due to increased scope, permit delays and COVID-19 impacts.  The company, which also posted a 7.9% fall in third-quarter comparable profit, added it does not expect its future equity contributions in the project to increase significantly following the conclusion of cost review process. The Coastal Gaslink pipeline, which will deliver natural gas from Montney to LNG Canada's liquefaction facility under construction near Kitimat, British Columbia, has faced opposition from environmentalists. The construction of Coastal Gaslink was expe

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