LNG Canada to Montney pipeline 70% complete, with completion...

LNG Canada to Montney pipeline 70% complete, with completion late 2023

Natural Gas – Coastal GasLInk on track for mechanical in-service by end of 2023
One of the big surprises from the TC Energy Q2 release was their status update on the
Coastal GasLink pipeline that will supply the natural gas for LNG Canada – it’s on track for
mechanical in-service by year end 2023


LNG Canada close to Phase 2 FID, and they are short of gas for Phase 1

Natural Gas – TC Energy bullish on LNG Canada Phase 2, says FID is being discussed
For anyone who saw TC Energy’s Q2 results & call, it would be almost impossible to have
any other takeaway other than TC Energy is expecting LNG Canada Phase 2 to be FID and
proceed. (i) Early Thursday morning, TC released its Q2 results and, before the Q2 call and
their Q2 call slide deck was posted, we tweeted [LINK] “Buckle up! Feels like ��� @TCEnergy
showcasing #LNGCanada & related #CoastalGasLink expansion potential and why else
other than a #LNGCanada Phase 2 1.8 bcf/d FID is coming?? Maybe Sept timing like Phase
1 FID? Very bullish for #NatGas thru 2030. #OOTT.” TC Energy’s Q2 report was
showcased the progress of Coastal GasLink and the potential for Coastal GasLink expansion
based on the market opportunity for LNG Canada Phase 2. (ii) It turns out that there was
even greater showcasing in the Q2 call and slide deck. We recommend flipping thru the first
slides & verbal comments from mgmt. on Coastal GasLink, LNG outlook and the potential for
Coastal GasLink/LNG Canada expansion. When we see this type of showcasing, it infers
that they expect something to happen before the next quarterly report