TRP
TSX · NGTL, Coastal GasLink, gas storage · 19 desk pieces in archive
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Cameco said October 21 it will release third-quarter 2026 results before markets open Friday, October 30, with a conference call at 8:00 a.m. Eastern. The Saskatoon note is dated October 21. That is the investor calendar. It is not Q3 uranium production and not a priced Westinghouse offering.
Vermilion said October 21 it will release third-quarter 2026 operating and financial results November 4 before the North American open, with a call at 8:00 a.m. Calgary time. The CNW note is dated October 21. That is the calendar. It is not Q3 production or a dividend change.
TC Energy said October 16 it will host a third-quarter 2026 conference call November 5 with an update to the financial outlook. The GlobeNewswire note is dated October 16. That is the investor calendar. It is not CGL Phase 2 in service and not the Mexico pipe sale close.
The U.S. Energy Information Administration said working gas reached 3,567 Bcf for the week to October 9. The October 16 report showed a 67 Bcf build. Stocks are 45 Bcf above the five-year average and 143 Bcf below last year. That is Lower 48 storage, not Western Canada.
Petroliam Nasional Bhd said October 20 that all LNG Canada joint-venture partners took final investment decision on the Kitimat expansion. Petronas holds 25 percent through North Montney LNG. That is a partner stamp on September's FID. It is not first LNG from the new trains.
Oil and Gas Journal reported Tuesday that LNG Canada awarded TR Canada E&C the EPCM contract for Coastal GasLink Phase 2 after the Kitimat FID. The work includes five compressor stations on the existing 670-kilometre route. Execution starts early 2027. That is a services award, not pipe in the ground.
TC Energy closed an agreement with FN CGL Pipeline Limited Partnership for five First Nations to take an economic interest tied to TC Energy's Coastal GasLink limited-partner stake. A second close is still expected in the fourth quarter. This is not Phase 2 steel.
The U.S. Energy Information Administration said working gas was 3,500 Bcf as of Friday, October 2. The print landed Thursday at 10:30 a.m. Stocks sit 130 Bcf under last year and 68 Bcf over the five-year average. The next weekly report is October 15.
TC Energy said this morning Coastal GasLink Phase 2 will proceed after LNG Canada and its joint-venture participants called a positive FID on the Kitimat expansion. That met the condition on TC Energy's earlier conditional FID. Construction is early 2027. In-service is the early 2030s.
The U.S. Energy Information Administration said working gas was 3,351 Bcf as of Friday, September 18. The print landed Thursday at 10:30 a.m. Stocks sit 146 Bcf under last year and 95 Bcf over the five-year average. The next weekly report is October 1.
TC Energy said Monday it will sell Energia Occidente de Mexico, owner of the 313-kilometre Guadalajara-Manzanillo gas line, to ESENTIA for $560 million (US$400 million). The pipe moves up to 500 MMcf a day. Close is the first half of 2027, subject to approvals.
The U.S. Energy Information Administration said working gas was 3,298 Bcf as of Friday, September 11. The print landed Thursday at 10:30 a.m. Stocks sit 122 Bcf under last year and 118 Bcf over the five-year average. The next weekly report is September 24.
On September 14 TC Energy said natural gas demand is growing faster than infrastructure can be built and that it has put more than $15 billion into Alberta expansions over the last decade, with more than $1 billion of sanctioned projects still adding capacity. The note follows a leaked Alberta cabinet report that called NGTL plans misaligned with provincial demand.
Partners issued a limited notice to proceed on June 1 so the Fluor-JGC joint venture can do early planning and long-lead work. Phase 2 would double Kitimat from 14 million tonnes a year to about 28. Mid-September has brought no final investment decision.
On March 25 TC Energy said Coastal GasLink signed commercial agreements with LNG Canada covering a doubling of gas transmission on the existing Kitimat line. Phase 2 remains subject to an LNG Canada final investment decision and CGL approvals.
On July 30 TC Energy reported Q2 comparable EBITDA of $2.9 billion and said it expects to land at the upper end of its $11.6 billion to $11.8 billion 2026 EBITDA outlook. It sanctioned $700 million of expansions in the quarter, part of about $3 billion announced in 2026.
TRP's July 30 Q2 release put comparable EBITDA at $2.9 billion and said the year should land at the high end of $11.6 to $11.8 billion. About $3 billion of gas projects are sanctioned this year. Canadian deliveries averaged 24.2 Bcf a day. LNG deliveries on the U.S. system averaged 3.9 Bcf a day.
Spot AECO closed C$1.46 per GJ in mid-August. Station 2 was C$1.19. Kitimat is taking close to 1.6 Bcf a day and the Western Canadian basin is still longer than the new door. Takeaway, not demand, is the Alberta story.
Partners authorized early work in June and Ottawa tagged the expansion a national-interest project. Phase 2 would double Kitimat to 28 million tonnes a year at a cost around C$33 billion. FID is still a late-2026 call.