Planned TransCanada Pipeline Would Allow Gulf Access, CEO Says
The Wall Street Journal: A planned Trans- Canada Corp. oil pipeline designed to ship crude from Western Canada to Eastern Canadian refineries could also be used to access the Gulf Coast, creating an end-run around U.S. permitting delays for the Keystone XL pipeline, according to the company’s chief executive.
TransCanada’s proposed 1.1 million-barrel-a-day Energy East pipeline has been positioned in Canada as a nation-building project to connect Alberta’s landlocked oil sands with refineries in Quebec and coastal New Brunswick. But Chief Executive Russ Girling said it would also open up a new route to ship heavy crude by tanker to refineries on the Gulf Coast without requiring U.S. approval, unlike the more direct Keystone XL route from Alberta to Texas.
“We can actually go all the way to the Gulf Coast without a presidential permit,” he said in an interview. “Once we’re on the water, we’ll show up just like any other crude oil in the world in the Houston ship channel.”
Read more: http://on.wsj.com/1tDAxvT
More industry news:
- U.S. Oil Output Surges to Highest Since 1980s on Shale: http://buswk.co/1thP94t
- Analysis: Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets: http://1.usa.gov/1p2ArOB
- The American Solution to Europe’s Energy Woes: http://on.wsj.com/1vhsrWy
- U.S. Shale Spans Colorado to the Virgin Islands: http://on.wsj.com/1nPYr6V
- Future of Natural Gas Industry Keeps Improving, Survey Says: http://bit.ly/1zfEGK6
- – See more at: http://energytomorrow.org/blog/2014/october/oct-29-surging-us-energy-real-consumer-benefits#sthash.Z3CKXkjW.dpuf
By Mary Leschper
Originally posted October 29, 2014
Energy Tomorrow is brought to you by the American Petroleum Institute (API), which is the only national trade association that represents all aspects of America’s oil and natural gas industry. Our more than 500 corporate members, from the largest major oil company to the smallest of independents, come from all segments of the industry. They are producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.
