That's according to a regulatory filing Trans Mountain Corp. provided to the Canada Energy Regulator on Monday. It represents the latest in a series of cost increases for the high-profile project, which in 2017 was estimated to cost just $7.4 billion.

The Calgary-based pipeline company and its project partner, the Haisla First Nation, have been working to develop plans for a floating liquefied natural gas facility in Kitimat, B.C.

The Calgary-based company said Thursday it saw its second-highest quarterly production ever in the fourth quarter of 2023, with output of 808,600 barrels of oil equivalent per day.

In a statement on its website, Trans Mountain Corp. said Monday it needs additional time to determine the "safest and most prudent actions for minimizing further delay."

Two hydro-rich provinces are being forced to import power from other jurisdictions due to severe drought in Western Canada.

In Lethbridge County, dry and windy conditions have been known to stir up dust clouds, obscuring the vision of drivers on local roads and filling irrigation canals to the brim with dirt.

A series of electricity grid alerts in Alberta during the deep freeze last week made headlines across the country, but experts say power systems all across North America are increasingly at risk of being overloaded during severe weather.

Edmonton's Capital Power Corp. and Ontario Power Generation are joining together to assess the feasibility of developing small modular nuclear reactors to help power Alberta's electricity grid.

Analysts say 2024 will be a year of weaker oil prices, something that should bring some relief to weary consumers after two years of soaring energy costs.

Suncor's December production averaged more than 900,000 barrels per day, the company's best single month performance ever.