Coastal GasLink draws investment interest from Abu Dhabi – Pipeline News North

by ahnationtalk on October 9, 201957 Views

October 9, 2019

The Coastal GasLink pipeline is drawing interest from an investment firm in the United Arab Emirates.

Abu Dhabi-based Mubadala Investment Co. is just one potential investor interested in the pipeline, according to a report from Bloomberg.

TC Energy Corp., formerly TransCanada, said earlier this year it would sell as much as a 75% stake in the 670-kilometre natural gas pipeline from Northeast B.C. to the LNG Canada projKitimat.

Mubadala declined comment, while TC Energy told Bloomberg it does not comment on “market rumours.”

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