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TransCanada delays planned Keystone XL start

04.26.2013  |  HP News Services

The company pushed back the in-service date for its proposed Keystone XL pipeline to the second half of 2015 as it awaits US government approval for the controversial project. The US State Department is still reviewing the project, which is opposed by environmental groups.

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By CAROLYN KING

TransCanada on Friday said it has pushed back the in-service date for its proposed Keystone XL pipeline to the second half of 2015 as it awaits approval for the controversial project.

The Calgary, Alberta-based pipeline company had previously projected an in-service date of late 2014 or early 2015, subject to obtaining approval from the Obama Administration.

The US State Department is still reviewing the project, which has faced stiff opposition from environmental groups.

TransCanada said its $5.3 billion cost estimate for the project will rise, depending on the approval timing.

At the end of the first quarter, it had spent $1.8 billion on the project, which would pump 700,000 bpd of crude oil from Alberta to Nebraska, where it would link to other pipelines bound for US Gulf Coast refineries.


Dow Jones Newswires



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Richard W. Goodwin
04.29.2013

Per Wall Street Journal EPA rejected Dept State's favorable EIS

George Friedrichs
04.29.2013

As long as the US Media continues to withhold crticism of this non-action by Obama et al, it will continue. Too much money to be made by the railroad interests of Mr. Buffet!!

John Licht
04.29.2013

The railways can and will be able to handle the volume of oil and gas.
Thank you Mr. & Mrs. Environmentalist.

Excuse us, while we purchase additional railroad stocks.
JML

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