Play Video
The 670-kilometre pipeline, which will ship natural gas to LNG Canada’s export facility in Kitimat, British Columbia once complete, is now expected to cost around $14.5 billion — and could cost a further $1.2 billion if construction is extended into 2024, the company said in a release Feb. 1.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
We continue to be laser-focused on safely completing this critical piece of energy infrastructure at the lowest possible cost, which will enable Canada’s first direct path for LNG exports. The project will provide substantive benefits for Indigenous and local communities across the project route, our customers, the Western Canadian Sedimentary Basin, as well as playing a vital role in enabling global energy security and emissions reduction contributing to global climate goals.
The company said it is still targeting mechanical completion by the end of 2023, with commissioning and clean-up work continuing into 2024 and 2025. TC Energy, however, also acknowledged that its risk analysis had considered the potential impact of an extension of the construction schedule “well into 2024,” a delay which it estimates would increase the cost by up to $1.2 billion.
Shame on Canada, shame on the Liberals shame on the NDP. Here we have a cash fountain and they just do everything they can to shut it down.
Ummm, anybody has info about that defi bot everybody's talking about
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »