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TransCanada's Coastal GasLink clears all BC regulatory hurdles

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TransCanada's Coastal GasLink clears all BC regulatory hurdles

has receivedall 10 of the required pipeline and facilities permits for its ,clearing it for construction and operation.

The companyon May 5 said the B.C. Oil and Gas Commission has granted the last two of thepermits for the C$4.8 billion project. Of the 10 permits, eight are forpipeline construction and two are for pipeline related facilities, whichinclude a natural gas compressor station and meter station in Groundbirch,B.C., and a natural gas metering station in Kitimat, B.C.

"Thisis a significant regulatory milestone for our project, which is a key componentof TransCanada's growth plan that includes more than [C$13 billion] in proposednatural gas pipeline projects which support the emerging liquefied natural gasindustry on the British Columbia Coast," said Russ Girling, president andCEO of TransCanada.

Thepipeline would be connected to the planned LNG Canada liquefactionand export facility. The joint venture partners of LNG Canada areexpected to give its final investment decision in late 2016 and should saidproject push through, pipeline construction is scheduled to start by 2017,according to the release.