Business · Companies · 1 hr ago
TC Energy completes Coastal GasLink investment deal with five First Nations
TC Energy completed a deal giving five First Nations an economic interest in Coastal GasLink.
The Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations are involved.
Their interest is in the entity that holds TC Energy’s limited partner stake in the pipeline, and the deal’s financial terms were not disclosed.
Coastal GasLink is a 670-kilometre pipeline in British Columbia that supplies natural gas to the LNG Canada export terminal in Kitimat.
The deal is the first of two planned Indigenous investment transactions tied to the pipeline.
TC Energy expects the second transaction to close in the fourth quarter of 2026.
The company also plans to double the pipeline’s capacity with new compressor stations and facility upgrades, following LNG Canada’s decision to proceed with a Phase 2 expansion.
TC Energy says it has completed a deal giving five First Nations an economic interest in the Coastal GasLink pipeline.
The Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations are part of the agreement.
The deal is the first of two planned Indigenous investment transactions related to the pipeline.
TC Energy expects the second transaction to close in the fourth quarter of 2026.
Financial terms were not immediately available.
- Who
- TC Energy and five First Nations: Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations.
- What
- TC Energy completed a deal giving the First Nations an economic interest in the entity that holds its limited partner interest in Coastal GasLink.
- When
- October 13, 2026.
- Where
- Coastal GasLink pipeline in British Columbia.
- Why
- Not stated.
This story does not have two clearly opposing sides.
LNG Canada announced a final investment decision to proceed with its Phase 2 facility expansion in Kitimat.
TC Energy announced plans to double Coastal GasLink’s existing capacity.
TC Energy said it had completed the investment deal with five First Nations.
TC Energy expects a second Indigenous investment transaction related to Coastal GasLink to close.
- Participating First Nations
- Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations
- Pipeline length
- 670 kilometres
- Investment deal
- First of two planned Indigenous investment transactions
- Second transaction
- Expected to close in the fourth quarter of 2026
- Financial terms
- Not immediately available
Sources
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