TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced November 26 that its Prince Rupert Gas Transmission Project (PRGT) received an Environmental Assessment Certificate (EAC) from the B.C. Environmental Assessment Office (EAO), allowing the natural gas pipeline project to move ahead pending a final investment decision from PETRONAS and receipt of a construction permit from the B.C. Oil & Gas Commission.
“This is a significant milestone for PRGT and together with the Environmental Assessment Certificate that was also recently awarded to our Coastal GasLink project, it demonstrates TransCanada’s commitment to building the province’s liquefied natural gas export industry in a safe and environmentally responsible manner,” said Russ Girling, TransCanada’s president and chief executive officer. “PRGT is an important part of TransCanada’s unprecedented $46 billion capital growth plan, which includes more than $12 billion in proposed natural gas pipeline projects to support B.C.’s emerging LNG export industry. TransCanada’s LNG-related pipeline projects are underpinned by long-term contracts with established international energy companies.”