CALGARY – TransCanada Corp. has not officially committed to sending Alberta oil east using a portion of its beleaguered mainline natural gas system.
But the Calgary-based pipeline and power giant has begun laying the groundwork for such a conversion, telling would-be gas shippers this week to expect less space for gas molecules on the cross-Canada system in the future as plans to deliver up to one million barrels of Western Canadian crude oil to Quebec refineries and, potentially, as far as the East Coast, gather steam.
CALGARY • Canada’s National Energy Board is poised to approve or reject a plan by TransCanada Corp. to rejig the way it charges producers to ship gas from Alberta to Ontario, a decision that will have broad implications for the future of an asset that has served as an industrial backbone for more than 50 years.
CALGARY – Canada’s largest distributors of natural gas are digging their heels in against TransCanada Corp.’s plan to send Alberta crude to the East Coast, warning the scheme could result in higher costs for their customers in Ontario and Quebec.
CALGARY — Eastern gas distributors are crying foul over service changes proposed by TransCanada Corp. to its cross-country natural gas mainline that would limit shippers’ ability to renew delivery contracts, as the pipeline and power giant looks to switch portions of the long-haul system to carry oil.
TransCanada Corp. has asked for firm commitments from shippers as it plans to convert a portion of the Mainline natural gas pipeline into an oil artery.
The project will require 1,400-kilometre of additional construction and could carry as much as 850,000 barrels per day of oil from Western Canada to Eastern Canada.
The project has the potential to reach Irving Oil’s refinery in Saint John, N.B., and provide another way for landlocked Alberta oil to reach new markets.
The National Energy Board ended an epic battle Wednesday over the future of TransCanada Corp.’s natural gas Mainline by refusing to allow it to be subsidized by short-haul routes and by adjusting long-term tolls to a lower level to make it more attractive to shippers.
It’s now time to turn the page for Canada’s 50-year-old backbone energy transporation system and step up efforts to put it to even better use — by turning parts of it into an oil pipeline and open a new market for Alberta’s oil in Canada’s East.
CALGARY — TransCanada Corp. is accelerating efforts to extend its natural gas pipeline system in Ontario as it prepares to switch a portion of its cross-country mainline to carry crude oil.
The Calgary-based company on Thursday outlined plans to build up to 370-kilometres of new pipeline between Markham, Ont. and Iroquois, Ont. to accommodate growing demand for gas from the U.S. northeast.
“I don’t see how it’s going to benefit consumers. I just don’t see it.”
CALGARY — The Conservatives in Ottawa are staunch supporters, the New Democrats have called it a “win-win-win” and the premiers of Alberta and New Brunswick have loudly touted the benefits of an oil pipeline from west to east.
CALGARY — TransCanada Corp.’s bid to funnel Alberta crude oil east to Quebec refineries and potentially to Canada’s busiest oil port opens the door to new markets for oil sands producers beyond those promised by the long-delayed Keystone XL project.
CALGARY – TransCanada Corp. officially launched its plan to push U.S. natural gas out of southern Ontario Thursday by offering domestic gas producers lower-than-expected tolls on its underused mainline pipeline system.
TransCanada asked domestic natural gas producers Thursday to formally commit to shipping 1.5 billion cubic feet per day of their gas – representing about 10 per cent of gas produced here – from Alberta to Ontario. In exchange, TransCanada will cut its tolls roughly in half – from $1.41 per Gigajoule now to between 75 cents and 82 cents per GJ.