$TRP To Build a $5B Liquid Natty Gas Terminal

Source

“TransCanada Corp. (TRP) agreed to design, build, own and operate the C$5 billion ($5.1 Billion) Prince Rupert natural gas transmission project.

The pipeline will transport gas from the North Montney gas- producing region in British Columbia to the Pacific Northwest LNG export facility near Prince Rupert, British Columbia, according to a statement today.

Progress Energy Canda Ltd. selected TransCanada for the project, according to the statement. Progress and TransCanada expect to finalize the definitive agreement early in 2013.

The proposed pipeline will be the second such project for TransCanada in western Canada, Chief Executive Officer Russ Girling said in the statement.”