TransCanada Corp. has reached binding long-term shipping agreements to build, own, and operate the proposed Alberta-based Heartland Pipeline and TC Terminals projects. The projects will include a 200-km, 900,000 b/d pipeline connecting the Edmonton region to Hardisty, Alta., and a crude terminal with 1.9 million bbl of storage in the Heartland industrial area north of Edmonton. TransCanada expects the projects to enter service in second-half 2015.
The company described the project as geared toward helping move an expected 3 million b/d increase in Alberta oil production over the next 15 years to Eastern Canada and the US.
TransCanada intends to file a regulatory application for the terminal in this spring, followed by a separate application for the pipeline in the fall. It expects the projects’ combined cost to total $900 million.
TransCanada last year announced the Grand Rapids Pipeline project, a 500-km pipeline system to transport crude oil and diluent between the producing area northwest of Fort McMurray and the Edmonton-Heartland region. The system will deliver 900,000 b/d of crude and 330,000 b/d of diluent by early 2017 (OGJ Online, Oct. 29, 2012).
Contact Christopher E. Smith at [email protected].
