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    Home » TC Energy expects cost of Coastal GasLink pipeline project to rise
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    TC Energy expects cost of Coastal GasLink pipeline project to rise

    yyctimesBy yyctimesNovember 29, 2022No Comments2 Mins Read
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    By The staff

    The Canadian Press

    Posted 29 November 2022 09:33

    Updated 29 November 2022 09:35

    TC Energy Corp. says it expects what it calls a material increase in the cost of its Coastal GasLink pipeline project.

    The company says it continues to experience significant cost pressures in Western Canada related to labor costs and skilled labor shortages, along with contractor underperformance and disputes.

    TC Energy says the project has also been hurt by other unexpected events, including drought conditions, and erosion and sediment control challenges.

    Read more:

    Wet’suwet’en chiefs meet in Vancouver

    It says it expects to provide an updated capital cost estimate early next year that will incorporate recent developments.

    In July, the company said it expected the cost of the project spanning northern British Columbia to rise to $11.2 billion, up from an earlier estimate of $6.6 billion.

    Story continues below advertisement

    The 670-kilometre pipeline, which aims to transport natural gas through the province to the LNG Canada processing and export facility in Kitimat, BC, is 80 per cent complete.


    Click to play video: 'Actor Mark Ruffalo joins campaign calling for big banks to pay back Coastal GasLink'

    2:14
    Actor Mark Ruffalo joins campaign calling for major banks to repay Coastal GasLink





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