Market Says 'Oui' to TransCanada's Energy East Crude-Oil Pipeline, an
Industrial Info News Alert
SUGAR LAND, TX -- (Marketwired) -- 09/11/13 -- Written by John Egan
for Industrial Info Resources (Sugar Land, Texas) -- TransCanada
Corporation (NYSE:TRP) (Calgary, Alberta, Canada) is moving forward
with its plan to build a $12 billion west-to-east crude-oil pipeline
across Canada, buoyed by firm commitments from shippers for nearly
all of the pipeline's 1.1 million-barrel-per-day (BBL/d) capacity.
The market response to the Energy East Pipeline was so strong that
TransCanada has decided to partner with Imperial Oil Limited (Saint
John, New Brunswick) on a $300 million deep-water port expansion in
Saint John, New Brunswick.
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