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TC Energy Raises Gas Pipeline Cost 70% to Nearly $9 Billion

  • Project has been plagued by protests, construction delays
  • Pipeline is key link to Shell-backed LNG facility in Canada
Demonstrators stand near railway tracks during a 2020 protest against TC Energy’s Coastal GasLink pipeline.

Demonstrators stand near railway tracks during a 2020 protest against TC Energy’s Coastal GasLink pipeline.

Photographer: Brett Gundlock/Bloomberg
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TC Energy Corp. raised the price tag of the Coastal GasLink pipeline by 70% after Covid-19-related delays and protests slowed construction on the link to a new liquefied natural gas facility on Canada’s west coast. 

The pipeline is now expected to cost C$11.2 billion ($8.7 billion), Calgary-based TC Energy said in a statement Thursday. The company, which owns 35% of Coastal GasLink, will make a C$1.9 billion equity contribution to the project.