TransCanada nets $4bn gas pipeline deal

No pipe dream: Shell and partners choose TransCanada for LNG pipeline

Kitimat LNG

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Eoin O'Cinneide

 05 June 2012 13:23 GMT

Shares in TransCanada Corporation have been slow to rise after the company revealed it has been handed a $4 billion contract by Shell and others for a huge LNG pipeline in North America.

The Toronto-listed player will design, build, own and operate the pipeline for the Coastal GasLink project which will see gas transported to the proposed Kitimat development in British Columbia.

The 700-kilometre pipeline will run from Montney, also in British Columbia, to hook up with the proposed new LNG facility.

It is expected to take between two and three years to build with an in-service estimate of towards the end of the decade, TransCanada wrote on Tuesday.

Initially the pipeline is envisaged as transporting 1.7 billion cubic feet per day of gas.

Shell leads the LNG…

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