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Positive FID on LNG Canada expansion and Phase 2 development reduces execution risk, potentially lifting TC Energy’s undisclosed cash-flow visibility and asset utilization. Historical parallels show project approvals in midstream often re-rate equities on visibility and backlog improvements.
What happened, with direct paths to the underlying reporting
TC Energy said Coastal GasLink Phase 2 will proceed following a positive final investment decision by LNG Canada and its joint venture partners on the LNG Canada expansion. The news improves visibility for toll-based cash flows across TC Energy’s pipeline network and strengthens its project backlog. If the LNG expansion remains on schedule, TRP could see near-term valuation support.
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