TransCanada Corp to Spend $2 Billion Through 2021 to Extend Natural Gas Pipeline in Western Canada

    Author Caroline HarrisPosted on Categories Oil & Gas, EnergyTags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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    TransCanada Corp (NYSE:$TRP), a key North American energy company and one of the top pipeline operator’s in Canada, reported on Wednesday that it would be using around $2 billion through 2021 to extend its natural gas gathering pipeline located in western Canada. This is fantastic news for anyone looking to start energy investing.

    According to TransCanada Corp, this investment will be used to create new pipeline infrastructure which will help move natural  gas from Western Canada to the North American markets. Not surprisingly, this announcement was disclosed a day after the Canadian Association of Petroleum Producers (CAPP) announced that there needs to be new pipelines in their annual report.

    As of right now, the TransCanada expansion plan will link Montney, Duvernay and Deep Basin output to its NOVA Gas Transmission pipeline system which is located in Alberta.

    The Calgary-based company plans to start construction early in 2019 and the final projects are expected to be running by Q2 of 2021.

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    Author Caroline Harris
    About the author: Caroline Harris is a third-year student at Capilano University in North Vancouver, Canada. Having already completed an Associates Degree in Psychology, Caroline is now finishing her Bachelor's degree in Communications. In preparation for working in the advertisement sector, Caroline is writing financial content and analysis. On a daily basis, Caroline works on articles regarding the following topics: finance, cryptocurrency, technology, and politics.