TransCanada to proceed with stand-alone Cushing-to-Gulf Coast crude pipeline

03/12/2012
TransCanada Corp. informed the US Department of State (DOS) that what had been the Cushing-to-US Gulf Coast portion of Keystone XL will be constructed as a stand-alone Gulf Coast Project, not part of a renewed Presidential Permit process for the Keystone XL pipeline. TransCanada described the project as addressing constraints in bringing crude oil production in Oklahoma, Texas, North Dakota, and Montana to market and as consistent with President Obama's calls for the potential development of an oil pipeline from Cushing, Okla., to the Gulf of Mexico as a means of increasing US energy security. The company estimates the cost of the Gulf Coast Project at $2.3 billion and expects the line to...
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