Christopher E. Smith
OGJ Pipeline Editor
HOUSTON, Sept. 8 -- TransCanada Corp. launched a binding open season to obtain firm commitments from interested parties for its Cushing Marketlink Project, providing crude oil transportation from Cushing, Okla., to the US Gulf Coast.
The project would involve construction of $70 million of facilities at Cushing and use facilities making up part of TransCanada’s proposed Keystone XL to deliver crude to near existing terminals in Nederland, Tex.
Following completion of the open season, which expires Nov. 10, TransCanada intends to proceed with the necessary regulatory applications for approvals to construct and operate the required facilities and provide transportation services, placing Cushing Marketlink in service first-quarter 2013.
In August TransCanada withdrew its request to the US Pipeline and Hazardous Materials Safety Administration for a special permit that would have allowed Keystone XL to operate at a slightly higher pressure than allowed under US regulations for oil pipelines (OGJ Online, Aug. 6, 2010).
Pending receipt of necessary permits, TransCanada expects to begin construction on Keystone XL in 2011.
When completed, Keystone XL will increase commercial capacity of the Keystone Pipeline System to 1.1 million b/d from 590,000 b/d.
Contact Christopher E. Smith at email@example.com.