Published On: Thu, Oct 5th, 2017

TransCanada Kills Energy East Pipeline Days Before Suspension Expires

As oil prices plummeted, the energy east pipeline became less viable.

TransCanada has announced that it has killed the controversial Energy East pipeline and Eastern Mainline projects. The Globe and Mail reported the breaking news on October 5 after the pipeline company spent a month deliberating new requirements set out by the National Energy Board.

Russ Girling, the president and chief executive officer of TransCanada, said that the “changed circumstances” forced the company to abandon their plan to build the $ 15.7 billion Energy East pipeline. Originally formally announced in 2013, the project was intended to carry dilbit and other oil products from Alberta and Saskatchewan to a St. John, New Brunswick terminal for export.

Energy East was to have been a 4,500-kilometre pipeline transporting approximately 1.1 million barrels of dilbit and crude oil each day from the oil sands to the St John marine terminal. In addition to 1,500 kilometers of new construction from Ontario to New Brunswick, the pipeline project would have converted 3,000 kilometers of existing natural gas pipeline to carry crude oil.

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TransCanada Kills Energy East Pipeline Days Before Suspension Expires