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TransCanada to Build $5 Billion Shale Gas Pipeline

Jan 10, 2013
(Globe and Mail)

Buttressing Canada’s position in the global race to export liquefied natural gas, TransCanada Corp. announced Wednesday that it plans to build a $5-billion pipeline to transport B.C. shale gas to the West Coast and onward to lucrative Asian markets.

The deal will see TransCanada build and operate a link to deliver natural gas to Lelu Island near Prince Rupert where Progress Energy Canada Ltd. – now a subsidiary of Malaysian state-owned firm Petronas – plans to build the massive Pacific Northwest LNG export facility.