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TransCanada announces plans for new Western Canada gas pipelineAFP OTTAWA -- TransCanada announced Wednesday it plans to build a CA$5 billion (US$5.06 billion) natural gas pipeline from the North Montney gas-producing region in Western Canada to a Pacific Coast port.
January 11, 2013, 12:55 am TWN TransCanada said in a statement it had been selected by Malaysia-controlled Progress Energy to design, build, own and operate the pipeline to carry gas to a new liquefied natural gas terminal being built near Prince Rupert, British Columbia. Progress Energy, which was recently bought by Malaysia's national oil company Petronas, is both developing the North Motney shale gas fields and building the LNG terminal. |
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