TC Energy bets on data centres and LNG as it raises outlook

Financial Post · James Rose · 2026-11-05 17:12 UTC

Calgary pipeline giant approves billions of dollars in new projects, including a Coastal GasLink expansion to feed West Coast LNG exports

TC Energy Corp. is betting the next decade of North American energy demand will be driven by two things: data centres powering the artificial intelligence boom, and ships carrying Canadian natural gas to Asia.

The Calgary-based pipeline company said Thursday it has approved new projects worth billions of dollars aimed squarely at both.

TC Energy confirmed it is moving ahead with the second phase of Coastal GasLink, the pipeline that carries gas from northeastern British Columbia to the LNG Canada export terminal in Kitimat.

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