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Author Topic: TransCanada mainline conversion opens doors to offshore oil exports Back to Topics
Nicoalbum

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Ottawa

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Message Posted: Apr 3, 2013 9:01:07 AM

TransCanada Corp.’s bid to funnel Alberta crude oil east to Quebec refineries and potentially to Canada’s busiest oil port opens the door to new markets for oil sands producers beyond the long-delayed Keystone XL.

TransCanada would seek support from would-be shippers for up to 850K bpd of crude oil from Alberta and Saskatchewan to Quebec, and potentially as far as New Brunswick, using portions of its mainline natural gas system. The project would supply refiners that currently import roughly 600K bpd of higher-priced crude oil from overseas. New terminals would include facilities for marine tanker loading.

Export constraints have contributed to volatile prices for Western Canada Select. Energy East project involves converting roughly 3,000 km of 42" pipeline and building 1,400 km of new
Visit Financial Post for full article
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DoctorV
Champion Author Detroit

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Message Posted: Apr 3, 2013 3:53:52 PM

I was thinking it would be shorter from the west coast to India, even considering the Suez, but maybe not. Besides, Persian Gulf crude seems too close to compete with.
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nsdp
Champion Author San Antonio

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Message Posted: Apr 3, 2013 1:15:25 PM

Very poor commentary on the management of TransCanada and how they have taken care of their markets in Eastern Canada. It is cheaper for Canadian distribution companies to buy from Tennessee Gas and other US pipelines than TransCanada. Why do you think that line has spare capacity.

Dr V if your tanker can stay within the limits of the Suez Canal, it is an easy haul from Canada to Spain through the Med and to India.

[Edited by: nsdp at 4/3/2013 1:18:40 PM EST]
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Buckeyee
Champion Author Maine

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Message Posted: Apr 3, 2013 10:43:15 AM

The radical " Greenies " have started to stop any NG pipeline from cariNG oil thru Maine to reach Canada, or usiNG the harbor in Portland, Me to export any oil. These are the same people who complain about wind farms beiNG built on the Western mountains near them. They seem to be never satisfied.
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mastermariner
Champion Author Texas

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Message Posted: Apr 3, 2013 10:26:02 AM

The early bird gets the worm
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Bttlecat
Champion Author Oklahoma City

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Message Posted: Apr 3, 2013 10:10:33 AM

kestone would help US
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DoctorV
Champion Author Detroit

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Message Posted: Apr 3, 2013 9:35:43 AM

The article mentions exporting to India, which has the largest refinery in the world. I know tanker rates are rock bottom these days, but I'm surprised it would still be cheap enough to ship that far, especially from the east coast.
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fora_7
Champion Author Montreal

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Message Posted: Apr 3, 2013 9:34:42 AM

Very good for business
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bruin19MD
Champion Author Maryland

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Message Posted: Apr 3, 2013 9:25:45 AM

great article
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Zuegma
Champion Author Nova Scotia

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Message Posted: Apr 3, 2013 9:23:36 AM

A key element in successfully shipping the oil from the Tar Sands to Eastern Canada is that it is an upgraded oil to refinery ready "stock oil" that would be shipped from Western Canada. That would makes more pipelines and new additional ones far cheaper to operate.

SUNCOR's decision to halt the "Voyageur" upgrader refinery project (just North of Fort McMurray) is horribly short-sighted! It would only placate stock holders for a "very" short time.
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doeslayersr
Champion Author Illinois

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Message Posted: Apr 3, 2013 9:15:06 AM

Exports are good.... they bring $$$$ IN.
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Taxrefugee
Champion Author Arizona

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Message Posted: Apr 3, 2013 9:11:27 AM

Dynamic industry.
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DoctorV
Champion Author Detroit

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Message Posted: Apr 3, 2013 9:10:34 AM

I just posted this a few minutes ago on a previous thread about this pipeline...from the TransCanada website:

"Three other new terminals will be built along the pipeline’s route: one in Saskatchewan, one in the Québec City area and another in the Saint John, New Brunswick area. The terminals in the Québec City and Saint John areas will include facilities for marine tanker loading. The project will also include delivery to existing Québec refineries in Montréal and near Québec City as well as the refinery in Saint John, New Brunswick."

Residents of Maine have been concerned about tar sands oil passing through their state, but looks like they will be bypassed.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Apr 3, 2013 9:02:04 AM

As serious bid, long time anticipated
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