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Indigenous-owned Aspen Investments LP confirmed on Wednesday that its agreement to acquire a 5.34% interest in the NGTL natural gas pipeline system and the Foothills pipeline assets of TC Energy (New York Stock Exchange: TRP) has been delayed due to a transaction structuring issue.
Aspen Investments said it is seeking further information and explanations from TC Energy (Indian Revolutionary Party) but agrees to complete the transaction.
TC Energy (TRP) said Tuesday only that it will provide material updates as they become available.
The deal was expected to be a key step toward achieving the company's target of selling C$3 billion of its assets by 2024.
The 24.4 thousand km NGTL system connects the majority of Western Canada's natural gas production to domestic and export markets.
