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Thursday, August 1, 2013

TransCanada To Boost Energy East Pipeline Capacity

TransCanada is calling it the biggest capital expenditure in company history - the 12-billion dollar Energy East pipeline that will bring Alberta oil through to the Irving Refinery here in the city.
TransCanada President Russ Girling says demand by potential customers exceeded the original plan for 850-thousand barrels a day to Saint John - so - the design has been modified to accommodate more than 1.1-million barrels a day to the city.
The pipeline proposal will use existing TransCanada pipe through to Quebec City with construction of a new leg from there to Saint John - it still must receive regulatory approval with the company expecting to complete the Quebec to Saint John portion by 2018.