TransCanada announces plan for oil pipeline across Canada
- 9 years ago
Originally published on August 1, 2013
Canadian oil firm, TransCanada, has announced plans to construct an oil pipeline that will run from western Canada to the Atlantic coast, Reuters reports. Meanwhile, the company's proposed Keystone XL pipeline project which would run from Alberta to Texas, has met resistance from environmental groups in the U.S., the BBC reports.
The proposed Canadian East Energy pipeline will run from Hardisty, Alberta to a new deep-water seaport in St. John, New Brunswick. At capacity, it will be able to transport up to 1.1 million barrels per day, according to the BBC. The pipeline would meet eastern Canada's oil needs which are currently being met with foreign resources. Eighty-two percent of the oil refined in Canada's Atlantic Region is imported from other countries, while the figure for Québec province is 92 percent. Surplus oil from the west would be available for export.
The pipeline project will link new construction with 1,900 miles of an existing natural gas line. It could deliver crude to refineries in Montréal, Québec and St. John, Reuters reported. It is slated to be in service by late-2017, with deliveries to New Brunswick expected by 2018.
At the same time, TransCanada's Keystone XL project, which would make Canadian oil available to the U.S., has been stalled in response to resistance from environmental groups, according to Reuters. The proposed pipeline would carry 800,000 barrels a day from Alberta to refineries on the Gulf of Mexico. TransCanada is waiting on a decision from the White House to proceed, Reuters said.
Canadian oil firm, TransCanada, has announced plans to construct an oil pipeline that will run from western Canada to the Atlantic coast, Reuters reports. Meanwhile, the company's proposed Keystone XL pipeline project which would run from Alberta to Texas, has met resistance from environmental groups in the U.S., the BBC reports.
The proposed Canadian East Energy pipeline will run from Hardisty, Alberta to a new deep-water seaport in St. John, New Brunswick. At capacity, it will be able to transport up to 1.1 million barrels per day, according to the BBC. The pipeline would meet eastern Canada's oil needs which are currently being met with foreign resources. Eighty-two percent of the oil refined in Canada's Atlantic Region is imported from other countries, while the figure for Québec province is 92 percent. Surplus oil from the west would be available for export.
The pipeline project will link new construction with 1,900 miles of an existing natural gas line. It could deliver crude to refineries in Montréal, Québec and St. John, Reuters reported. It is slated to be in service by late-2017, with deliveries to New Brunswick expected by 2018.
At the same time, TransCanada's Keystone XL project, which would make Canadian oil available to the U.S., has been stalled in response to resistance from environmental groups, according to Reuters. The proposed pipeline would carry 800,000 barrels a day from Alberta to refineries on the Gulf of Mexico. TransCanada is waiting on a decision from the White House to proceed, Reuters said.