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Coastal GasLink draws investment interest from Abu Dhabi – Pipeline News North

October 9, 2019

The Coastal GasLink pipeline is drawing interest from an investment firm in the United Arab Emirates.

Abu Dhabi-based Mubadala Investment Co. is just one potential investor interested in the pipeline, according to a report from Bloomberg.

TC Energy Corp., formerly TransCanada, said earlier this year it would sell as much as a 75% stake in the 670-kilometre natural gas pipeline from Northeast B.C. to the LNG Canada projKitimat.

Mubadala declined comment, while TC Energy told Bloomberg it does not comment on “market rumours.”

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