The pipe decision is on. The compressors are not in the ground
TC Energy Corporation (TSX: TRP, NYSE: TRP) said today that Coastal GasLink Phase 2 will proceed. The trigger is LNG Canada and its joint-venture participants taking a positive final investment decision on the Kitimat expansion. That satisfied the conditions on TC Energy's previously approved conditional FID. The GlobeNewswire note is time-stamped Sept. 29 at 6:30 a.m. ET.
The existing CGL line moves about 2.1 billion cubic feet a day from Dawson Creek to the LNG Canada plant in Kitimat. Phase 2 nearly doubles that capacity by adding compressor stations and upgrades on the same 670-kilometre route. It is not a second pipeline.
LNG Canada said in a CNW note dated Sept. 28 that the joint-venture participants, Shell, PETRONAS, PetroChina, Mitsubishi, and KOGAS, took FID on Phase 2. That plant note puts total capacity from 14 to 28 million tonnes a year, two more trains, another tank, and a second berth. LNG Canada will lead CGL Phase 2 construction as execution manager. CGL stays the owner, operator, and permit holder. TC Energy remains a co-owner and will operate the Phase 2 kit.
TC Energy said construction is expected to start in early 2027, with in-service in the early 2030s. Peak CGL work is put at up to 2,100 people across five sites. Francois Poirier called it maximizing an existing asset. It is not first gas on Phase 2, not a cargo from the new trains, and not Line 5.