Natural gas pipeline has faced literal and figurative mountains getting built
By this time next year, Coastal GasLink should be ready to start pushing natural gas from Dawson Creek to Kitimat through its 670-kilometre pipeline and then close a 10 per cent equity agreement with First Nations.
The pipeline will mainly supply the LNG Canada project, but will also provide natural gas to the Haisla First Nation’s Cedar LNG project, should that project be approved. The Haisla have an agreement with LNG Canada to access some of the natural gas from CGL. TC Energy , which is responsible for building the pipeline, owns 35 per cent of the project. KKR, an American investment company, and Alberta Investment Management Corporation , own 65 per cent. TC Energy signed option agreements last year with 16 of the 20 First Nations along the pipeline route, which will allow them to acquire 10 per cent of the pipeline, once it’s built. That would bring TC Energy's ownership share in CGL down to 25 per cent.
“We were fortunate to have good weather…but the macro-environment was very, very challenging,” Wirzba said of 2022, which was a peak employment year. “We had to terminate one of our main contractors last year for under-performance and we had to bring in three new contractors to take that scope in.”
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