TC Energy announces Indigenous investment in Coastal GasLink
TC Energy closed an agreement with FN CGL Pipeline Limited Partnership giving five First Nations an economic interest in the entity holding TC Energy's limited partner interest in Coastal GasLink. The participating Nations — Haisla, Halfway River, McLeod Lake Indian Band, Saulteau and West Moberly — are expected to receive long-term, predictable financial returns; a second Indigenous investment transaction is expected to close in Q4 2026. CGL delivers 2.1 Bcf/d of natural gas to LNG Canada in Kitimat, B.C., and announced Phase 2 expansion will nearly double system capacity.
Key figures
- Cgl throughput
- 2.1 billion cubic feet per day delivered to LNG Canada
- Pipeline length
- 670 kilometres (416 miles)
- Participating nations
- 5
- Second transaction expected
- Q4 2026
AI analysis
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