Coastal GasLink Pipeline Project Receives BC Oil and Gas Commission Construction Permits

TransCanada Corporation (TSX:TRP) announced it has received the last two of 10 pipeline and facilities permits required from the BC Oil and Gas Commission for the Coastal GasLink Pipeline Project. It now has approval for construction and operation of the proposed pipeline.
Russ Girling, president and CEO said:

This is a significant regulatory milestone for our project, which is a key component of TransCanada’s growth plan that includes more than $13 billion in proposed natural gas pipeline projects which support the emerging liquefied natural gas industry on the British Columbia Coast.

As quoted in the press release:

Eight of the permits are related to pipeline construction, while two are for pipeline-related facilities: a natural gas compressor station and meter station in Groundbirch, and a natural gas metering station in Kitimat. Coastal GasLink received an Environmental Assessment Certificate from the B.C. Environmental Assessment Office in October 2014.
The pipeline will connect to the proposed LNG Canada natural gas liquefaction and export facility near Kitimat. A Final Investment Decision by our pipeline customers, the joint venture partners of LNG Canada, is expected in late 2016. If the LNG Canada partners elect to proceed with their project at that time, pipeline construction would begin in 2017.

Click here for the full press release.