TransCanada announces plans for new Western Canada gas pipeline

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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