CALGARY, Alta. - The Alaska gas pipeline project will be vital for TransCanada Corp. in a decade, but the company’s incoming chief executive said he is more focused now on moving forward with $22-billion of projects that garner far fewer headlines.
Russ Girling, who takes over as CEO in July, said on April 15 that the multibillion-dollar Alaska proposal would help TransCanada keep its Alberta and Canadian main line gas systems running at capacity as conventional western Canadian production dwindles in the coming years.
But Girling, 47, said in an interview he is still more focused on major investments that will come to fruition over the next eight years, such as its Keystone oil pipeline system to the United States in June and its subsequent expansions.
“If you made the decision today, you’d be looking at eight to 10 years in terms of first flow of gas (from Alaska). So it’s still a long lead-time project,” he said.
Showing posts with label Keystone oil pipeline. Show all posts
Showing posts with label Keystone oil pipeline. Show all posts
Tuesday, April 20, 2010
Wednesday, October 7, 2009
TransCanada Keystone pipeline on schedule to reach Illinois in 2010
PATOKA, Ill. - By early 2010, hundreds of thousands of barrels a day of Canadian crude oil will flow into a giant tank farm here.
Work is nearing completion on TransCanada’s 2,148-mile, 30-inch pipeline from the oil sand fields of Alberta, Canada, to refineries in Wood River, Ill., and an enormous tank farm at Patoka in rural Marion County.
The Keystone Pipeline was first announced in February 2005. It took a little more than two years to obtain permits from state and federal regulatory agencies. Construction didn't start until May 2008.
The line is nearly done, with safety testing under way. Initial crude oil shipments of 435,000 b/d are planned for the first quarter of 2010. By the end of 2010, the capacity will be increased to 590,000 b/d.
In its initial phase, oil from the Keystone project will flow into only a ConocoPhillips refinery at Wood River, Ill. During the second phase scheduled in 2010, oil flowing through a branch line to Cushing, Okla., will wind up in at least three refineries in Kansas.
Oil from the pipeline will be refined into gasoline and marketed over a wide area of the Midwest.
Work is nearing completion on TransCanada’s 2,148-mile, 30-inch pipeline from the oil sand fields of Alberta, Canada, to refineries in Wood River, Ill., and an enormous tank farm at Patoka in rural Marion County.
The Keystone Pipeline was first announced in February 2005. It took a little more than two years to obtain permits from state and federal regulatory agencies. Construction didn't start until May 2008.
The line is nearly done, with safety testing under way. Initial crude oil shipments of 435,000 b/d are planned for the first quarter of 2010. By the end of 2010, the capacity will be increased to 590,000 b/d.
In its initial phase, oil from the Keystone project will flow into only a ConocoPhillips refinery at Wood River, Ill. During the second phase scheduled in 2010, oil flowing through a branch line to Cushing, Okla., will wind up in at least three refineries in Kansas.
Oil from the pipeline will be refined into gasoline and marketed over a wide area of the Midwest.
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