TransCanada to build 15B pipeline in BC

CALGARY — TransCanada Corp. says it’s building a $1.5-billion extension to its pipeline system in northeastern British Columbia that will help deliver natural gas to an export terminal planned for Prince Rupert, B.C.The North Montney Mainline will extend TransCanada’s existing Groundbirch pipeline by adding some 305 kilometres of new large-diameter pipe.Progress Energy, a subsidiary of Malaysian energy giant Petronas, has signed up to ship two billion cubic feet per day on the North Montney Mainline. TransCanada says it’s also in talks with other potential customers.Progress is planning to build a liquefied natural gas terminal near Prince Rupert so the resource can be exported to lucrative Asian markets.The North Montney Mainline will link up with a separate $5 billion pipeline that TransCanada is building to connect northeastern B.C. gas with Progress’ Prince Rupert terminal, called Pacific Northwest LNG. TransCanada aims to file a regulatory application later this year for the North Montney line.The southern segment of the North Montney line should be up and running by the second quarter of 2016, the northern portion a year later, and the export delivery facilities in 2019. read more

Iraq ready to explode unless leaders take action to stem violence warns

A wave of deadly bombings struck the capital, Baghdad, today, while the governor of Anbar province reportedly escaped an assassination attempt when bombs exploded near his convoy, injuring four of his bodyguards. This follows a number of bombings in Baghdad on Monday that killed more than 50 people.Martin Kobler, the Secretary-General’s Special Representative and head of the UN Assistance Mission for Iraq (UNAMI), condemned the attack against the governor’s convoy.In a news release issued in Baghdad, he also voiced his dismay at the horrific toll of lives lost following the “new criminal wave of attacks against innocent civilians,” particularly targeting the capital. “Systemic violence is ready to explode at any moment if all Iraqi leaders do not engage immediately to pull the country out of this mayhem,” Mr. Kobler stated, reiterating the call he made on the country’s leaders earlier this week. Yesterday, in an exchange of views with European parliamentarians, Mr. Kobler voiced serious concerns over the heightened level of violence in Iraq and the dangers of the country falling back into sectarian strife, if decisive action is not taken by its political leaders. “The country stands at a crossroads,” he stated, calling for a stronger European Union role in dealing with the developments unfolding in the country, and for increased interaction with the Iraqi Council of Representatives. read more