# TC Energy Sells Coastal GasLink Interest to Indigenous Partnership

- URL: https://stocks.freetheai.org/news/tc-energy-sells-coastal-gaslink-interest-to-indigenous-partnership-6dbf9b
- Published: 2026-10-13T10:30:00Z
- Category: energy; sentiment: neutral; impact: low
- Symbols: [TSX:TRP](https://stocks.freetheai.org/symbols/TSX-TRP)
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TC Energy Corporation (TSX:TRP) has finalized an agreement to transfer an economic interest in the entity holding its limited partner stake in the Coastal GasLink pipeline to FN CGL Pipeline Limited Partnership. Following the announcement, TC Energy shares rose 0.39% to 85.69 CAD.

The deal expands Indigenous ownership in the pipeline infrastructure, which currently operates at a capacity of 2.1 billion cubic feet per day to supply the LNG Canada facility. Expanding local equity partnerships helps de-risk social and regulatory hurdles while establishing a collaborative framework for ongoing cash flows.

Investors should monitor developments in the fourth quarter of 2026, when a second Indigenous ownership transaction is projected to close. Additionally, future decisions regarding Phase 2 of the Coastal GasLink project remain key, as an expansion could nearly double the pipeline's overall throughput capacity.

## Key points

- TC Energy completed an agreement transferring an economic interest in Coastal GasLink to FN CGL Pipeline Limited Partnership.
- A second Indigenous partnership deal for the pipeline asset is expected to close in the fourth quarter of 2026.
- Coastal GasLink currently operates with a capacity of 2.1 billion cubic feet per day, delivering natural gas to LNG Canada.
- A prospective Phase 2 expansion for Coastal GasLink could potentially double the pipeline's total transport capacity.

## Questions and answers

### What agreement did TC Energy close regarding Coastal GasLink?

TC Energy transferred an economic interest in the entity holding its limited partner stake in Coastal GasLink to FN CGL Pipeline Limited Partnership.

### When is the next Indigenous transaction for Coastal GasLink expected?

A second transaction involving Indigenous ownership in the Coastal GasLink asset is anticipated to take place in the fourth quarter of 2026.

### What is the current capacity of the Coastal GasLink pipeline?

Coastal GasLink currently has a capacity of 2.1 billion cubic feet per day, feeding natural gas to LNG Canada. A Phase 2 expansion could nearly double its capacity.