TC Energy approves $2bn in pipeline expansions in US and Canada

Canadian pipeline operator TC Energy has announced approximately C$3bn ($2.1bn) of new in-corridor growth projects, taking 2026 sanctions to about C$6bn at a weighted average build multiple of 6.5 times.

The approvals include the Crossroads Expansion, which is designed to add 1.4 billion cubic feet per day (bcf/d) of capacity to serve US Midwest power demand, including demand from data centres. The project is estimated to cost $1.8bn.

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