GlobeNewswire·Oct 13, 2026, 6:30 AM ET

TC Energy announces Indigenous investment in Coastal GasLink

TC Energy Corporation announced the closing of an agreement with FN CGL Pipeline Limited Partnership, an Indigenous-led entity representing five First Nations along the Coastal GasLink corridor.
The participating Nations are the Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations, & West Moberly First Nations.
These communities will obtain an economic interest in the entity holding TC Energy's limited partner interest in Coastal GasLink to receive long-term financial returns.
This transaction is the first of two planned Indigenous investment deals related to Coastal GasLink, with a second expected to close in Q4 2026.
Coastal GasLink serves as a critical pathway for Canadian LNG exports, currently delivering 2.1 billion cubic feet per day of natural gas to LNG Canada in Kitimat, B.C.
TC Energy is the operator & co-owner of the pipeline, which is expected to nearly double its capacity with the upcoming Phase 2 expansion.
Canadian Energy & Natural Resources Minister Tim Hodgson stated the agreement positions Indigenous communities as owners & beneficiaries of Canada's energy future.
RBC Capital Markets served as financial advisor to TC Energy, while Indigenous Wealth Finance Group Ltd. & PNL Consulting Inc. advised the Indigenous partnership.