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TC CEO Urges Quicker Timelines as Globe Clamours for Stable Energy Supplies
TC Energy's CEO warns that lengthy Canadian permitting delays risk losing global LNG market share amid soaring demand caused by conflict blocking the Strait of Hormuz.
- The CEO of Trans-Canada Pipe Lines Ltd, Poirier, says Canada risks missing out on global LNG opportunities if permitting timelines aren't significantly shortened to meet rising energy demand.
- Demand for West Coast LNG exports has surged since war broke out in Iran three weeks ago, as customers prioritize suppliers that avoid the strategically vital Strait of Hormuz in the Persian Gulf.
- Poirier points to a recent permitting process for a project in Mexico as a benchmark, while federal legislation in Canada aims to cap timelines at two years.
- Marking its 75th anniversary, Trans-Canada Pipe Lines Ltd completed a pipeline in 1958 that took four years from concept to operation, demonstrating historical capacity for rapid execution.
- Canada remains at a disadvantage against other LNG players because lengthy approval processes for new coastal pipelines prevent capturing emerging market opportunities, Poirier argues.
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10 Articles
10 Articles
The Toronto Star+9 Reposted by 9 other sources
TC CEO urges quicker timelines as globe clamours for stable energy supplies
CALGARY - The CEO of natural gas pipeline operator TC Energy Corp. says Canada risks missing out on opportunities to provide global markets with a secure supply of energy if permitting timelines aren't significantly shortened.
·Toronto, Canada
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Total News Sources10
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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