CALGARY _ TransCanada Corp. (TSX: T.TRP, Stock Forum) has announced plans to build a $1.9-billion pipeline to help deliver natural gas to an LNG project proposed by Chevron (NYSE: CVX,Stock Forum) and Apache Corp. (
NYSE: APA,
Stock Forum)
near Kitimat, B.C.
The Calgary-based company now has four major natural gas pipelines planned in the region totalling $12.6 billion in investment.
TransCanada shares eased 0.40% to $50.27 on Wednesday, leaving a market cap of $35.7 billion, based on 707.8 million shares outstanding. The 52-week range is $51.89 and $43.94.
The proposed Merrick Mainland Pipeline Project will be a significant new link in British Columbia’s emerging liquefied natural gas export market,
TransCanada said in a press release.