Keystone pipeline Gulf Coast expansion project, Canada and the US
Name of the Project
Keystone pipeline Gulf Coast expansion (Keystone XL) project.
Location
Canada and the US.
Client
TransCanada Corporation (TransCanada).
Project description
The project will enable Canadian and US oil producers to have more access to the large refining markets in the American Midwest and along the US Gulf Coast.
The project proposes a 1 897 km, 36” diameter crude oil pipeline, beginning in Hardisty, Alberta, and extending south to Steele City, Nebraska, in Canada and the US respectively. This pipeline is a critical infrastructure project for the energy security of the US.
Along with transporting crude oil from Canada, the Keystone XL pipeline will also support the significant growth of crude oil production in the US from producers in the Bakken region of Montana and North Dakota.
The pipeline will have capacity to transport 830 000 bbl/d of oil to Gulf Coast and Midwest refineries, reducing American dependence on oil from Venezuela and the Middle East by up to 40%.
Jobs to be Created
Not stated.
Value
$8-billion.
Duration
TransCanada expected to have the pipeline in service by 2015, but it has been delayed.
Latest developments
US President Donald Trump has cleared the way for the contentious TransCanada’s Keystone XL oil pipeline to be built in the US, after signing off on executive orders that have overturned the Obama administration’s efforts to block these development projects.
Trump also issued a decree that only American steel should be used for pipelines built in the US.
He has said that his order on pipelines "will put a lot of steelworkers back to work. We are very insistent that if we are going to build pipelines in the US, the pipes should be built in the US," he said.
The proponent of the the Keystone XL pipeline, TransCanada, said in a statement to Mining Weekly Online on January 24 that it appreciated the US President inviting it to re-apply for the pipeline to be built.
"We are preparing the application and intend to do so. Keystone XL creates thousands of well-paying construction jobs and will generate tens of millions of dollars in annual property taxes to counties along the route, as well as more than $3-billion to the US gross domestic product.
"With best-in-class technology and construction techniques that protect waterways and other sensitive environmental resources, Keystone XL represents the safest, most environmentally sound way to connect the American economy to an abundant energy resource," a spokesperson has stated.
The Canadian Association of Petroleum Producers (CAPP) has said that the executive order advancing the Keystone XL pipeline project is a major economic step forward for Canada, the US and for North American energy security.
"This executive order for Keystone XL represents another major milestone for Canada as we look for market opportunities for our resources. Canadian resources have faced the disadvantage of being landlocked for too long, but that is starting to change,” CAPP president and CEO Tim McMillan has stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Keystone XL has been delayed, owing to the rejection of TransCanada’s application for a permit to build and operate the project.
Contact Details for Project Information
TransCanada, tel +1 866 717 7473 or email keystone@transcanada.com.
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