UPDATE: TransCanada Selected to Develop Multi-BLn Dollar Natural Gas Pipeline to Canada's West Coast - Shares Up Nearly 1%

Comment

Shutterstock photo

TransCanada Corp. ( TRP ) is up nearly 1% at $40.84, but off a day's high of $41, trending higher on news the North American energy company has been selected by Shell Canada Limited, a unit of Royal Dutch Shell (RDS.A) and its partners to design, build, own and operate the proposed Coastal GasLink project, an estimated $4-billion pipeline that will transport natural gas from the Montney gas-producing region near Dawson Creek, British Columbia ( BC ) to the recently-announced LNG Canada liquefied natural gas export facility near Kitimat, BC.

The LNG Canada project is a joint venture led by Shell, with partners Korea Gas Corporation, Mitsubishi Corporation and PetroChina Company Limited. Shell and TransCanada are working toward the execution of definitive agreements on the Coastal GasLink project.

Shares of TRP trade in a 52-week range of $37.29 - $45.07. RDS.A are slightly lower at around $61.20.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities
More Headlines for: BC , TRP


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com