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

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.
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  • marpy
    , contributor
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    This is a no brainer as Eastern Canada imports all their oil from Foreign sources. There is also little or no opposition to this move in central and eastern Canada. It is an excellent move for the company as it makes use of extra capacity in lines currently used to transport natural gas thus increasing the efficiency of the remaining lines transporting natural gas.
    2 Apr 2013, 10:05 AM Reply Like
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