TC Energy Readies for 2024 Inland-to-Coast Pipeline Milestones
Attachment: TC Energy 4Q23
February 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) is answering growing calls for natural gas transportation, and has the receipts to prove it: The midstream titan placed about C$5.3 billion (US$3.93 billion) worth of projects in service globally in 2023, with fourth-quarter core profits from its U.S. natural gas pipelines jumping 7.9% from 2022 to C$1.23 billion (US$912.68 million), and the Canadian segment jumping 35% to C$1.03 billion (US$764.28 million). A slew of big-ticket projects is primed to further these gains in 2024.
Industrial Info is tracking more than US$11.5 billion worth of active and planned projects from TC Energy, nearly US$7 billion of which is nearing or under construction. Toward the end of 2023, TC Energy reached mechanical completion and started commissioning activities on its widely anticipated Coastal GasLink pipeline project, a 422-mile system that will carry natural gas from the Montney Shale to LNG Canada's complex in Kitimat, British Columbia.
Other companies featured: KKR & Company Incorporated (NYSE:KKR), AIMco, Bonatti Group and Global Infrastructure Partners.
