TC Energy Expects a Rise in Natural Gas Demand in 10 Years

Core Insights - TC Energy Corporation is shifting its focus towards the U.S. market due to expected growth in natural gas demand of 40 billion cubic feet per day over the next decade [1][3] - The U.S. market is seen as more stable and favorable for energy infrastructure development compared to Canada, which has a more complex regulatory environment [2][3][9] U.S. Market Focus - The company plans to expand its pipeline network in the U.S. to meet the anticipated increase in natural gas consumption [3][7] - CEO François Poirier expresses confidence in the long-term potential of the U.S. market despite ongoing trade tensions with Canada [4][9] Challenges in Canada - While Canada remains important, TC Energy faces regulatory hurdles that can delay projects, such as the Coastal GasLink pipeline expansion [5][6] - The company is hopeful for improvements in Canada's regulatory system to create future investment opportunities [6] Strategic Positioning - TC Energy's strategy is centered on capitalizing on the growing energy needs in North America, particularly in the U.S. [8][9] - The company aims to establish itself as a leader in the natural gas sector by expanding its infrastructure in response to increasing demand [8][9] Industry Comparisons - Other companies in the energy sector, such as Cheniere Energy, Targa Resources, and Kinder Morgan, are also focusing on expanding their infrastructure to meet rising natural gas demand in the U.S. [10][11][12] - Cheniere Energy is expanding its LNG plant in Texas, while Targa Resources and Kinder Morgan are enhancing their midstream capabilities to support increased production and transport of natural gas [10][11][12]