HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Environment & Energy » Environment & Energy (Group) » UPDATE 2-TransCanada sees...

Fri Nov 21, 2014, 01:55 AM

UPDATE 2-TransCanada sees crude-by-rail investment even if Keystone built

TransCanada Corp is in talks to get into the crude-by-rail business and will probably do so even if its long-delayed Keystone XL pipeline gets its U.S. permits next year, its chief executive said on Wednesday.

While Canada's No. 2 pipeline operator has not yet signed any definitive agreements, it is in active negotiations with producers and other shippers on opportunities, CEO Russ Girling said on a conference call.

"If I were to put a probability one it, I'd say there's a better than 50-50 chance that we will be in that business in some form or fashion in the future," he said.

Girling added that with Canadian and U.S. oil production rapidly expanding, TransCanada expects rail will be a larger part of the transportation mix going forward, "so it's likely a business that we're in long-term irrespective of Keystone."

http://www.reuters.com/article/2014/11/19/transcanada-outlook-idUSL2N0T91LC20141119



TransCanada will probably get into the crude-by-rail business even if its long-delayed Keystone XL pipeline gets its U.S. permits next year, its CEO said Wednesday.

0 replies, 742 views

Reply to this thread

Back to top Alert abuse

Reply to this thread