SPX3,693.23-64.76 -1.72%
DIA295.86-4.66 -1.55%
IXIC10,867.93-198.88 -1.80%

BRIEF-TC Energy Sees 1.3 Bcf/d Of New Pipeline Capacity In 2022

BRIEF-TC Energy Sees 1.3 Bcf/d Of New Pipeline Capacity In 2022

Reuters · 09/14/2022 05:11
BRIEF-TC Energy Sees 1.3 Bcf/d Of New Pipeline Capacity In 2022

- TC ENERGY CORP TRP.TO:

  • SEES BRINGING ON ADDITIONAL 1.3 BILLION CUBIC FEET PER DAY (BCF/D) OF CAPACITY IN 2022, WITH CURRENT CAPITAL PROGRAM ADDING ADDITIONAL 2.2 BCF/D BETWEEN 2023 AND 2026

  • SAYS FACING GROWING EXTERNAL CHALLENGES TO COMPLETE EXPANSIONS ON TIME, INCLUDING WEATHER AND LABOUR SHORTAGES, INCREASING ENVIRONMENTAL AND REGULATORY REQUIREMENTS, AND REGULATORY AND GOVERNMENT DELAYS IN APPROVALS

  • SAYS WHILE LOCALIZED CONSTRAINTS DURING PERIODS OF MAINTENANCE RELATED OUTAGES CAN CAUSE DAILY OR SHORT-TERM PRICE VOLATILITY, BELIEVES SIGNIFICANT WIDENING OF REGIONAL PRICE SPREADS TO OTHER NORTH AMERICAN MARKETS IS DRIVEN BY SUPPLY IMBALANCE

RELATED: TC ENERGY SAYS WORK AT ALBERTA PROJECT SITE STILL HALTED AFTER INCIDENT


(Reporting by Deep Vakil in Bengaluru)

((DeepKaushik.Vakil@thomsonreuters.com;))