KEYSTONE/PIPELINES: “TransCanada Corp said it received enough interest from clients for its $8 billion Keystone XL oil pipeline, bringing it closer to a final decision on when it will start work on the project.
The controversial pipeline has pitted environmentalists worried about spills and global warming against business advocates who say the project will shore up discounted Canadian oil prices and attract investment.
The company said on Thursday it had secured firm, 20-year commitments for about 500,000 barrels per day for the project as it concluded its open season that allowed shippers to commit to space in the pipeline…
When completed, the Keystone XL will run about 1,180 miles (1,899 km) from Hardisty, Alberta, to Steele City, Nebraska, linking crude from the oil-rich but landlocked Canadian province with U.S. refineries.
Primary construction is expected to begin in 2019, TransCanada said…
The project cleared its final hurdle in November when Nebraska approved a path for the project through the state.”
-Nivedita Bhattacharjee and Rod Nickel, “UPDATE 2-TransCanada lines up enough shippers to take Keystone XL forward,” Reuters, Jan. 18, 2018 06:16am