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TC’s Coastal GasLink Draws Interest From Mubadala

Liquefied natural gas (LNG) dispenses through pipes on-board the Gallina LNG tanker after docking at the National Grid Plc's Grain LNG plant on the Isle of Grain in Rochester, U.K., on Saturday, March 4, 2017. The shipment to England on the Gallina was priced using the U.K.'s National Balancing Point, where front-month gas cost about $7 a million British thermal units on Feb. 7.
Photographer: Jason Alden/Bloomberg

The Coastal GasLink project, a natural gas pipeline TC Energy Corp. is selling, has drawn interest from potential investors including Mubadala Investment Co., according to people familiar with the matter.

Other suitors are circling the asset, said the people, who asked to not be identified because the matter isn’t public.