TransCanada Corp Flat As Admits Has No Firm Commitments To Ship Gas

TransCanada Corp (TRP.TO) has no firm commitments to ship gas on its proposed $40 billion pipeline from Alaska's North Slope, despite 12 months of negotiations and the demise of a rival project, an executive with the company said on Tuesday, according to a Reuters report.

The company is still in talks with potential shippers for its long-delayed Alaska pipeline, and they include all of the major North Slope producers, TransCanada Vice-President Tony Palmer reportedly told a state legislative committee.

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

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