June 2015, Vol. 70, No.6
Newsline
TransCanada Asks for New Pipeline Amid Keystone Delay
As first reported in the Wall Street Journal, during delays involving its Keystone XL project, Calgary, Alberta based-TransCanada Corp. is asking the U.S. government to permit a new and different pipeline project, filing an application to receive a U.S. presidential permit that will let it construct a 200-mile pipeline across the U.S.-Canadian border.
TransCanada proposed the $600 million Upland Pipeline Project aimed at transporting up to 300,000 barrels a day of North Dakota crude to a connection in Saskatchewan, where approximately 70,000 barrels of that oil is expected to flow on TransCanada’s planned Energy East pipeline, which aims to ship up to 1.1 million barrels of oil a day nearly 3,000 miles across Canada to refineries and ports along the country’s East Coast.
The move indicates TransCanada is not giving up on its oil shipping plans despite being entangled in the political battle over Keystone since 2008.
If approved, the Upland Pipeline, which is much smaller than Keystone, would go into service in 2020, subject to regulatory approvals, including the State Department permit.
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