TC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on.
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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.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.
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.
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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on.
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