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TC Energy Corp
Symbol TRP
Shares Issued 1,041,766,896
Close 2026-05-14 C$ 93.59
Market Cap C$ 97,498,963,797
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Globe says TC Energy told LNG expansion gets support

2026-05-15 06:59 ET - In the News

The Globe and Mail reports in its Friday edition that the B.C. government and Ottawa have reached a pact with LNG Canada to support expansion plans at Kitimat for exporting liquefied natural gas to Asia. The Globe's Brent Jang writes that the agreement is being touted as one that will provide "enhanced investment co-operation and actions" between government and LNG Canada, which is considering doubling the capacity at its terminal in Kitimat on the B.C. coast. The expansion, known as Phase 2, is still contingent on LNG Canada's private owners deciding to move forward. Energy Minister Tim Hodgson described Thursday's pact as a "milestone" for the expansion project, which Prime Minister Mark Carney also endorsed when he referred it to the Major Projects Office last fall. The office is part of a federal strategy to fast-track resource and infrastructure projects following Donald Trump's tariffs. Shell PLC owns the largest stake in LNG Canada at 40 per cent, with other international players owning the remaining 60 per cent. Shell and the other co-owners are expected to make a final decision by the end of 2026 on whether to forge ahead with their potential Phase 2 expansion. TC Energy built the Coastal GasLink pipeline.

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