{"id":1006479,"date":"2026-09-29T06:47:38","date_gmt":"2026-09-29T10:47:38","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/"},"modified":"2026-09-29T06:47:38","modified_gmt":"2026-09-29T10:47:38","slug":"coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/","title":{"rendered":"Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision"},"content":{"rendered":"

\nProject will enable more Canadian natural gas to meet growing global LNG demand
\n<\/h2>\n
\n

CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) today announced Coastal GasLink (CGL) Phase 2 will proceed following LNG Canada and its joint venture participants\u2019 positive Final Investment Decision (FID) on the expansion of the LNG Canada facility, satisfying the conditions associated with TC Energy\u2019s previously approved conditional FID for the project.<\/p>\n

Today, the CGL pipeline safely transports approximately 2.1 Bcf\/d of natural gas. CGL Phase 2 will nearly double the existing capacity by adding new compressor stations and upgrading facilities along the existing 670-kilometre route from Dawson Creek to the LNG Canada liquefaction facility in Kitimat, northern British Columbia.<\/p>\n

\n \u201cCoastal GasLink pipeline was a nation-building project that established Canada\u2019s first direct path for natural gas to reach global LNG markets and Phase 2 is building on that legacy. By nearly doubling the capacity of this world-class infrastructure, we are maximizing the value of this asset, which is underpinned by the Western Canada Sedimentary Basin\u2014one of the most prolific natural gas resource basins on the planet. Phase 2 will strengthen Canada\u2019s role in supplying reliable, affordable and secure energy to global markets while creating long-term value for Indigenous and local communities, customers and shareholders.\u201d<\/em>\n <\/p>\n

\n \u00a0\u2013 Fran\u00e7ois Poirier, TC Energy President and Chief Executive Officer<\/strong>
\n \n <\/p>\n

\n An integrated model for delivery<\/strong>\n <\/p>\n

CGL Phase 2 will be delivered through an integrated execution model. Under the\u00a0commercial agreements announced earlier this year<\/a>, LNG Canada will lead project construction as Phase 2 Execution Manager, while CGL will remain the owner, operator and permit holder of the pipeline and associated facilities. CGL and TC Energy will provide certain technical advisory and procurement services along with operational expertise to support delivery. The commercial structure limits CGL\u2019s capital commitments and overall exposure to construction cost and schedule risks, consistent with TC Energy\u2019s strategic priorities of disciplined execution, prudent capital allocation and maintaining financial strength.<\/p>\n

\n Building on partnership and shared prosperity<\/strong>\n <\/p>\n

CGL\u2019s legacy includes more than $1.8 billion in contracts awarded to Indigenous and local businesses, more than $13 million invested in local communities, non-profits and sponsorships, and approximately 25,700 full-time-equivalent jobs created in British Columbia through the course of the pipeline\u2019s multi-year construction.<\/p>\n

The pipeline was built with the support of 20 elected Indigenous communities along the project route, with long-term agreements that remain in place and continue to provide benefits. Those relationships, together with partnerships with local communities, governments, contractors and project partners will continue to be central as CGL Phase 2 moves into execution.<\/p>\n

CGL Phase 2 construction is expected to deliver direct benefit to Indigenous and local communities through jobs, contracting, and training and skills development opportunities. It\u2019s estimated that up to 2,100 people will be employed on CGL Phase 2 during peak construction across five sites. The indirect spinoff and economic activity generated by investments in nation-building infrastructure strengthens local economies and helps fund the services that families, communities and businesses rely on every day.<\/p>\n

\n Connecting Canadian energy to growing global demand<\/strong>\n <\/p>\n

\n \u201cCanada\u2019s investment supercycle is underway\u2014and LNG Canada Phase 2 and the expansion of Coastal GasLink are another powerful vote of confidence in Canadian energy and the Canadian economy. This investment will help get more Canadian energy to growing global markets, create good jobs and new opportunities for Indigenous and local communities, and strengthen our position as a reliable supplier to our partners around the world. This is what it looks like to build Canada into an energy superpower and the strongest economy in the G7.\u201d<\/em>\n <\/p>\n

\n \u00a0\u2013 The Honourable Tim Hodgson, Minister of Energy and Natural Resources<\/strong>
\n \n <\/p>\n

Global demand for secure, reliable and affordable energy continues to grow, reinforcing the critical role of Canadian natural gas exports in supporting the country\u2019s allies and contributing to global emissions reduction.<\/p>\n

TC Energy\u2019s latest outlook identifies LNG exports as the largest driver of North American natural gas demand growth over the next decade. Phase 2 will increase transportation capacity for its customers, without building any additional pipeline, and connect more Canadian natural gas supply to LNG Canada, strengthening Canada\u2019s ability to serve growing global LNG markets as a trusted partner.<\/p>\n

CGL Phase 2 construction is expected to commence in early 2027, with anticipated in-service in the early 2030s. CGL Phase 2 infrastructure will be operated by TC Energy, a co-owner of CGL.<\/p>\n

\n About TC Energy<\/strong>\n <\/p>\n

We are a leader in North American energy infrastructure, spanning Canada, the U.S. and Mexico. For\u00a0over\u00a075 years,\u00a0we have\u00a0proudly connected the world to the energy it needs. Every day,\u00a0we move more than 30 per cent\u00a0of the natural gas used across the continent\u00a0and\u00a0connect\u00a0LNG exports to global markets\u2014powering\u00a0communities and industries.\u00a0Complemented by strategic ownership and low-risk investments in power generation, our infrastructure\u00a0delivers\u00a0affordable,\u00a0reliable\u00a0and sustainable\u00a0energy\u00a0across North America.\u00a0<\/p>\n

We carry forward a legacy\u00a0of\u00a0nation-building energy infrastructure and strong partnerships. By\u00a0working with communities,\u00a0businesses\u00a0and leaders across our extensive energy\u00a0network,\u00a0we\u00a0create\u00a0opportunities\u00a0today and for generations to come.\u00a0<\/p>\n

TC Energy\u2019s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com<\/u><\/a>.<\/p>\n

\n FORWARD-LOOKING INFORMATION<\/strong>\n <\/p>\n

This release contains certain information that is forward-looking and is subject to important risks and uncertainties and is based on certain key assumptions. Forward-looking statements are usually accompanied by words such as “anticipate”, “expect”, “believe”, “may”, “will”, “should”, “estimate” or other similar words. Forward-looking statements in this document may include, but are not limited to, statements regarding the expected scope, cost, timing and benefits of Coastal GasLink Phase 2, anticipated commencement of construction and in-service dates, anticipated employment numbers during peak construction, expected economic benefits to Indigenous and local communities, anticipated increase in pipeline transportation capacity, and expectations on the role of Canadian natural gas in meeting growing global LNG demand.<\/p>\n

Our forward-looking information is subject to important risks and uncertainties and is based on certain key assumptions. Forward-looking statements and future-oriented financial information in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management’s assessment of TC Energy’s and its subsidiaries’ future plans and financial outlook. All forward-looking statements reflect TC Energy’s beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. As actual results could vary significantly from the forward-looking information, you should not put undue reliance on forward-looking information and should not use future-oriented information or financial outlooks for anything other than their intended purpose. We do not update our forward-looking information due to new information or future events, unless we are required to by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the most recent Quarterly Report to Shareholders and the 2025 Annual Report filed under TC Energy’s profile on SEDAR+ at www.sedarplus.ca<\/a> and with the U.S. Securities and Exchange Commission at www.sec.gov<\/a> and the “Forward-looking information” section of our Report on Sustainability which is available on our website at www.TCEnergy.com<\/a>.<\/p>\n

-30-<\/p>\n

\n Media Inquiries:<\/strong>\n <\/p>\n

Media Relations<\/p>\n

\n
\n media@tcenergy.com<\/u>
\n <\/a>\n <\/p>\n

403-920-7859 or 800-608-7859<\/p>\n

\n Investor & Analyst Inquiries:<\/strong>\n <\/p>\n

Investor Relations<\/p>\n

\n
\n investor_relations@tcenergy.com<\/u>
\n <\/a>\n <\/p>\n

403-920-7911 or 800-361-6522<\/p>\n

PDF available: http:\/\/ml.globenewswire.com\/Resource\/Download\/75456313-fa6a-412b-ba00-3f3e00f84b95<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Project will enable more Canadian natural gas to meet growing global LNG demand CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) today announced Coastal GasLink (CGL) Phase 2 will proceed following LNG Canada and its joint venture participants\u2019 positive Final Investment Decision (FID) on the expansion of the LNG Canada facility, satisfying the conditions associated with TC Energy\u2019s previously approved conditional FID for the project. Today, the CGL pipeline safely transports approximately 2.1 Bcf\/d of natural gas. CGL Phase 2 will nearly double the existing capacity by adding new compressor stations and upgrading facilities along the existing 670-kilometre route from Dawson Creek to the LNG Canada liquefaction facility in Kitimat, northern British Columbia. \u201cCoastal … <\/p>\n

Continue reading “Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1006479","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCoastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Project will enable more Canadian natural gas to meet growing global LNG demand CALGARY, Alberta, Sept. 29, 2026 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) today announced Coastal GasLink (CGL) Phase 2 will proceed following LNG Canada and its joint venture participants\u2019 positive Final Investment Decision (FID) on the expansion of the LNG Canada facility, satisfying the conditions associated with TC Energy\u2019s previously approved conditional FID for the project. Today, the CGL pipeline safely transports approximately 2.1 Bcf\/d of natural gas. 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Today, the CGL pipeline safely transports approximately 2.1 Bcf\/d of natural gas. CGL Phase 2 will nearly double the existing capacity by adding new compressor stations and upgrading facilities along the existing 670-kilometre route from Dawson Creek to the LNG Canada liquefaction facility in Kitimat, northern British Columbia. \u201cCoastal … Continue reading \"Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/","og_site_name":"Market Newsdesk","article_published_time":"2026-09-29T10:47:38+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgzNTY4NSM3ODY3NjUwIzIwOTQ5ODc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision","datePublished":"2026-09-29T10:47:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/"},"wordCount":1255,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTgzNTY4NSM3ODY3NjUwIzIwOTQ5ODc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/coastal-gaslink-phase-2-to-proceed-following-lng-canada-final-investment-decision\/","name":"Coastal GasLink Phase 2 to proceed following LNG Canada Final Investment Decision - 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