Canada Continues Its LNG Quest

Before you go, we thought you'd like these...
Before you go close icon

TransCanada struck a $5 billion deal with Progress Energy to design, build, own, and operate a 470-mile pipeline moving natural gas from the prolific Montney shale to the British Columbia coast. While the project, if it hurdles regulatory and stakeholder approval, won't be operable until 2018, this move magnifies Canada's acceptance of exporting its glut of natural gas while the United States remains tepid about the idea. Check out the video below for more details on the midstream deal as well as reasons the U.S. might leave the majority of the LNG exportation to Canada, while using its natural gas to boost competitive landscapes in other industries. 

While there are many ways to play the dynamic energy sector at the moment, we here at The Motley Fool want this to be the year that your portfolio dominates across the board. Make sure you start 2013 with a bang and get the inside scoop on what Motley Fool superinvestor David Gardner will be buying this year. He's crushed the market in his Stock Advisor and Rule Breakers portfolios for years, and now I invite you to a personal tour of his flagship stock picking service: SupernovaJust click here now for instant access. 


The article Canada Continues Its LNG Quest originally appeared on Fool.com.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of ExxonMobil. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners