TC Energy said on March 25 that its Coastal GasLink pipeline project has signed commercial agreements with LNG Canada to advance the project's second phase.
The agreements mark a key milestone for Coastal GasLink Phase 2, which still requires a final investment decision by LNG Canada and its joint venture participants, along with approvals from Coastal GasLink.
These agreements create a commercial framework that advances LNG Canada toward FID by supporting front-end engineering and design, as well as subsequent execution activities.
Under the agreements, LNG Canada will lead project construction as CGL Phase 2 execution manager and CGL will provide LNG Canada with technical advisory services.
Coastal GasLink connects gas fields in northwestern British Columbia with the Shell-led LNG Canada project.
