Canada’s midstream rivals eye LNG opportunities
The country’s pipeline owners are poised to capitalise as North American LNG export projects proliferate
Canada’s two major midstream players once occupied different niches, with Enbridge the dominant liquids pipeline company and TC Energy performing the same role for gas. But over the past two decades, the two companies’ strategies have converged. Despite some forays into liquids pipelines by TC Energy, both have tended to focus on gas pipelines in North America. And now both are seeking to develop assets to provide feedgas to liquefaction projects in Canada and the US—as well as Mexico in TC Energy’s case—to take advantage of the global ‘dash for LNG’. Battle for market share Pipelines owned by TC Energy and Enbridge provide almost half of the feedgas going to LNG export plants in the US. And
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