TC Energy Corp. proposed to purchase the Pioneer Pipeline, a 131 km pipeline used to transport sweet natural gas in Alberta, for C$255 million.

NOVA Gas Transmission Ltd. (NGTL), a subsidiary of the Calgary, Alberta-based company, entered the proposed purchase agreement on March 12 through an exclusive letter of intent with Tidewater Midstream and Infrastructure Inc. and TransAlta Corp. The proposed purchase is subject to execution of definitive agreements, which is expected to occur in second-quarter 2020.

The Pioneer Pipeline runs from west of Drayton Valley to west of Edmonton in Alberta within the Western Canadian Sedimentary Basin. Tidewater completed construction of the pipeline, which connects its Brazeau River gas plant to TransAlta’s generating units at Keephills and Sundance, in June 2019—four months ahead of schedule.

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