Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Your welcome to be apart of Anesis Club (Private) after at least becoming a FREE Rookie in my Network at this link https://www.onelife.eu/signup/nenosplace

Neno

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


TransCanada has not yet broached Keystone XL with shippers: CEO

Share

Lobo
Moderator
Moderator

Posts : 20847
Thanked : 976
Join date : 2013-01-12

TransCanada has not yet broached Keystone XL with shippers: CEO

Post by Lobo on Thu 26 Jan 2017, 2:07 pm

TransCanada has not yet broached Keystone XL with shippers: CEO





By Jim Morris | WHISTLER, British Columbia

TransCanada Corp has yet to discuss the Keystone XL oil pipeline with shippers and is not certain if all were still in support of it, the company's CEO said on Wednesday in his first public comments since President Donald Trump revived the project.

The new U.S. president signed an order on Tuesday that allowed TransCanada (TRP.TO) to reapply for a permit for Keystone XL, after it was rejected in 2015 by then-President Barack Obama on environmental concerns.

TransCanada Chief Executive Russ Girling said the firm was "diligently" preparing its application for the 1,179-mile (1,900 km) pipeline from Hardisty, Alberta, across the U.S. border to Steele City, Nebraska.

Girling said he believes the project remains attractive for shippers, given that it will supply the popular Gulf Coast market.

"But we haven't engaged in direct conversation on that issue," he said at an investors conference. "This wasn't in our planning horizon in the middle of last year, so we've only just re-engaged with our shippers again."

Analysts and traders said the C$8 billion ($6.1 billion) pipeline was far from being a certainty.

Since it has been proposed nearly a decade ago, TransCanada has lost some initial support from shippers during its arduous approval process, said a Canadian crude trader familiar with the pipeline contract who declined to be identified due to a lack of authorization to speak to the media.

The pipeline has faced fierce opposition over environmental concerns and still needs to get approval from the state of Nebraska.

TransCanada late Wednesday did not immediately respond to a request for comment about the shippers' commitment to the project.

If operational, Keystone XL would bring more than 800,000 barrels per day of heavy crude from Canada, which holds the world's third-largest crude reserves but lacks the infrastructure to move it easily.

The project has received regulatory approval and government backing in Canada.

http://www.reuters.com/article/us-canada-pipeline-transcanada-idUSKBN15A099

    Current date/time is Thu 23 Feb 2017, 7:19 pm