TransCanada (TRP 0.71%) struck a $5 billion deal with Progress Energy to design, build, own, and operate a 470-mile pipeline moving natural gas from the prolific Montney shale to the British Columbia coast. While the project, if it hurdles regulatory and stakeholder approval, won't be operable until 2018, this move magnifies Canada's acceptance of exporting its glut of natural gas while the United States remains tepid about the idea. Check out the video below for more details on the midstream deal as well as reasons the U.S. might leave the majority of the LNG exportation to Canada, while using its natural gas to boost competitive landscapes in other industries.
Canada Continues Its LNG Quest
By Joel South and Taylor Muckerman – Jan 10, 2013 at 3:26PM
NYSE: TRP
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TransCanada's LNG pipeline makes progress, but still faces difficulties.
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
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