April 28, 2012
TransCanada Corp. is advancing plans to move growing volumes of crude from Alberta to the U.S. Gulf Coast as it also considers linking western Canadian production to new markets in Eastern Canada.
Canada's largest pipeline company said Friday it is preparing to reapply for U.S. approval of its proposed cross-border Keystone XL oil pipeline while it also examines reconfiguring part of its Canadian main line gas line into a conduit for oil. A repurposed main line could deliver up to 800,000 barrels per day - according to the proposal - to eastern Canadian refineries eyeing western crude that's selling at a bargain against world prices.
TransCanada chief executive Russ Girling said Friday that a refiling with the U.S. State Department is "imminent," for a permit to build the cross-border portion of the $7.6-billion Keystone XL that's expected online by late 2014 or early 2015. The company also plans to begin a summer build of the southern leg of the line from Cushing, Okla., to the Texas Gulf Coast that was split from the larger project in February and does not require presidential approval. That portion is expected in service by mid to late 2013…
TransCanada Submits Keystone XL Pipeline Reroute to Nebraska Department of Environmental Quality