October 14, 2026
Five British Columbia First Nations will gain an economic interest connected to the Coastal GasLink pipeline following the closing of an Indigenous-led investment agreement with TC Energy.
The agreement involves FN CGL Pipeline Limited Partnership, an investment entity established by participating Nations to pursue the opportunity. The Haisla Nation, Halfway River First Nation, McLeod Lake Indian Band, Saulteau First Nations and West Moberly First Nations will obtain an economic interest in the entity that holds TC Energy’s limited partner interest in Coastal GasLink.
According to TC Energy, the arrangement is expected to provide the participating communities with long-term financial returns associated with the company’s limited partner interest in the pipeline.
The transaction builds on relationships developed between TC Energy and Indigenous communities along the Coastal GasLink corridor through employment, contracting, training and community investment.
FN CGL Pipeline Limited Partnership was established by the participating Nations specifically to pursue the investment opportunity, creating an Indigenous-owned and financed investment structure.
TC Energy President and CEO François Poirier said the agreement is intended to turn years of partnership into longer-term economic opportunities for participating communities. West Moberly First Nations Chief Roland Willson described the investment framework as supporting greater Indigenous participation in Canada’s energy future and providing communities with more control over their economic priorities.
The agreement represents the first of two planned Indigenous investment transactions involving Coastal GasLink.
TC Energy says a second transaction involving additional First Nations is expected to close in the fourth quarter of 2026.
The investment follows a process dating back to 2022, when TC Energy announced option agreements to sell up to a 10% equity interest in Coastal GasLink LP to Indigenous communities along the project corridor from its ownership position.
Coastal GasLink is a roughly 670-kilometre natural gas pipeline extending from northeastern British Columbia to the LNG Canada facility in Kitimat.
The system currently transports approximately 2.1 billion cubic feet of natural gas per day, providing a direct connection between Western Canadian natural gas production and LNG Canada’s export facility on the West Coast. TC Energy operates the pipeline and currently holds a 35% ownership interest in Coastal GasLink Limited Partnership.
The Indigenous investment comes as Coastal GasLink prepares for another significant phase of development.
In September, TC Energy announced that Coastal GasLink Phase 2 will proceed following LNG Canada and its joint venture participants’ positive final investment decision on the expansion of the LNG Canada facility.
Phase 2 is expected to nearly double the pipeline’s existing capacity through new compressor stations and facility upgrades along the existing route. LNG Canada will lead project construction as execution manager, while Coastal GasLink will remain the pipeline’s owner, operator and permit holder.
TC Energy says the original Coastal GasLink construction generated approximately 25,700 full-time-equivalent jobs in British Columbia and resulted in more than $1.8 billion in contracts awarded to Indigenous and local businesses. The company expects Phase 2 to create additional opportunities through construction employment, contracting, training and skills development.
The latest transaction represents another model for Indigenous participation in major Canadian infrastructure—moving beyond employment, procurement and community benefits toward an economic interest tied to an operating asset.
With additional First Nations expected to participate through a second transaction later in 2026, the Coastal GasLink agreements could further expand Indigenous economic participation as Canada’s LNG infrastructure develops.
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