TransCanada, one of North America's largest energy infrastructure companies, announced Tuesday that it had been selected by Shell Canada and its partners to build and operate a pipeline in western Canada.

The proposed Coastal GasLink project, estimated at US$4-B, will transport Nat Gas from the Montney gas-producing region near Dawson Creek, British Columbia (BC), to the LNG Canada liquefied Nat Gas (LGN) export facility near Kitimat, BC, the company said.

The LNG Canada project is a joint venture led by Shell, with partners Korea Gas Corporation, Mitsubishi Corporation and PetroChina Company Limited.

The length of the pipeline is approximately 700 km, with initial pipeline capacity in excess of 1.7 bcf of Nat Gas per day. The estimated in-service date would be toward the end of the decade, subject to regulatory and corporate approvals, the company said.

Russ Girling, TransCanada's President and CEO, said the company would have open meaningful discussions with Aboriginal communities and Key stakeholder groups and seek to address any potential concerns.

Coastal GasLink will add value to British Columbians, particularly Aboriginals and communities along the conceptual route, by creating real jobs, making direct investments in communities during construction and providing economic value for years to come, Mr. Girling said.

The final pipeline route will take into consideration Aboriginal and stakeholder input, the environment, archaeological and cultural values, land use compatibility, safety, constructability and economics, the company said.

TransCanada operates a network of Nat Gas pipelines that extends more than 68,500 km, tapping into virtually all major Nat Gas supply basins in North America.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.