# Five First Nations gain economic interest in Coastal GasLink

> TC Energy said it closed an agreement with a First Nations investment partnership; it did not disclose the stake percentage or price.

- Canonical URL: https://newsverum.com/en/news/canada-first-nations-gain-economic-interest-in-coastal-gaslink-2026
- Publisher: Newsverum
- Section: Energy
- Country: Canada
- Published: 2026-10-15T19:00:45+00:00
- Updated: 2026-10-15T19:00:45+00:00
- Event / data period: 2026-10-13
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TC Energy announced on October 13 the closing of an investment agreement with FN CGL Pipeline Limited Partnership, which represents five First Nations. Through the agreement, 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 holding TC Energy’s limited-partner interest in the Coastal GasLink gas pipeline. The company expects long-term, predictable financial returns for the communities; it did not disclose the interest percentage or transaction value.

This is the first of two planned Indigenous investment transactions related to Coastal GasLink. TC Energy expects a second transaction involving additional First Nations to close in the fourth quarter of 2026. The company says the 670-kilometre pipeline carries 2.1 billion cubic feet of gas per day from northeastern British Columbia to LNG Canada in Kitimat; capacity is separately expected to nearly double with Phase 2.

## Data

### Coastal GasLink Indigenous investment transaction

Transaction closed with an investment partnership representing five First Nations.

Methodology: This block records the economic-interest agreement announced on October 13, 2026. No stake percentage or price is inferred because the source does not disclose them.

| date | label | description | status |
|---|---|---|---|
| 2026-10-13 | Economic-interest agreement closed | The first transaction represents five First Nations. A second is expected in the fourth quarter of 2026. | occurred |

Sources: <https://www.tcenergy.com/announcements/2026/2026-10-13-tc-energy-announces-indigenous-investment-in-coastal-gaslink/> · Download data: [JSON](https://newsverum.com/api/v1/articles/canada-first-nations-gain-economic-interest-in-coastal-gaslink-2026/data/announcement?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/canada-first-nations-gain-economic-interest-in-coastal-gaslink-2026/data/announcement?lang=en&format=csv)

## Sources

- [TC Energy](<https://www.tcenergy.com/announcements/2026/2026-10-13-tc-energy-announces-indigenous-investment-in-coastal-gaslink/>) (Source checked: 2026-10-15; Published: 2026-10-13)

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