TransCanada looks to rail as pipeline alternative
TransCanada Corp., whose Keystone XL pipeline project has been stalled by politically related delays, is in discussions with customers about shipping Canadian crude to the U.S. by rail as an alternative, according to a May 22, 2014 Reuters report.
“We are absolutely considering a rail option,” TransCanada CEO Russ Girling told Reuters during a conference in New York. “Our customers have needed to wait for several years, so we’re in discussions now with them over the rail option.”
“The comments are the first to confirm growing speculation that TransCanada might use more costly and controversial railway shipments as a stopgap alternative to the Keystone XL pipeline, whose approval has been delayed by the U.S. government,” Reuters said. “Girling said the firm was exploring shipping crude by rail from Hardisty in Canada, the main storage and pipeline hub, to Steele City, Neb., where it would flow into an existing pipeline to the Gulf refining hub.
full article:
https://www.railwayage.com/index.php/news/transcanada-looks-to-rail-as-pipeline-alternative.html
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All ways lead to rail, even the pipeline operators are looking at rail, Kinder Morgan has already partnered with Imperial oil on a rail terminal, now TransCanada is considering it, and Enbridge shouldn’t be that far behind. Canexus should have no issues finding a partner for NATO; it is just a question of time before value is unlocked at this valuable asset.
Regards,
Nawar