TransCanada (TRP +0.6%) says it will seek commitments from shippers interested in capacity on a...

|About: TransCanada Corporation (TRP)|By:, SA News Editor

TransCanada (TRP +0.6%) says it will seek commitments from shippers interested in capacity on a pipeline project aimed at sending western Canadian crude to eastern Canadian refining markets, amid a growing bottleneck of oil in western Canada that has depressed prices there. The plan involves converting part of the existing Mainline natural gas network for crude oil service and building ~870 miles of new pipeline.