US EditionTC Energy positioning to capitalize on rising natural gas demand
ALBERTA, CANADA, JUL 31 – TC Energy reported $862 million net income in Q2 and forecasts North American natural gas demand to rise to 45 billion cubic feet per day by 2035, driven by LNG exports and power needs.
- TC Energy Corp. reported a second-quarter net income of $862 million, up from $804 million last year, showing growth despite economic challenges.
- The company forecasts North American natural gas demand to rise to 45 billion cubic feet per day by 2035, up from 40 billion cubic feet, driven by LNG exports and industrial demand.
- CEO François Poirier noted that electrification and coal-to-gas conversions are increasing the need for reliable power, forecasting an uptick in project announcements through 2026.
- The passing of Bill C-5, which fast-tracks major projects, is viewed positively by TC Energy, with Poirier stating that the federal government understands the urgency of developing Canada's energy sector.
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11 Articles
11 Articles
TC Energy announced an increase in its profits in the second quarter compared to the previous year, despite a complex macroeconomic context.
·Montreal, Canada
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The Hamilton Spectator+9 Reposted by 9 other sources
TC Energy positioning to capitalize on rising natural gas demand
TC Energy Corp. says it sees rising demand for natural gas pipelines in the future as it reported an increase in second-quarter profit from a year earlier, despite a complex
·Hamilton, Canada
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Total News Sources11
Leaning Left7Leaning Right1Center0Last UpdatedBias Distribution88% Left
Bias Distribution
- 88% of the sources lean Left
88% Left
L 88%
13%
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