Newspaper article The Canadian Press

TransCanada Spending $900 Million in New Alberta Pipeline, Terminal

Newspaper article The Canadian Press

TransCanada Spending $900 Million in New Alberta Pipeline, Terminal

Article excerpt

TransCanada plans new Alta pipeline, terminal

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CALGARY - TransCanada Corp. plans to spend $900 million on a new pipeline connecting two Alberta oil hubs as well as a 1.9-million-barrel terminal in an industrial area north of Edmonton.

The Heartland pipeline will run 200 kilometres between the Edmonton region and Hardisty, Alta., the start point of its Keystone system. It could ultimately transport 900,000 barrels of crude per day.

The two projects are expected to come into service in the second half of 2015 -- around when TransCanada expects its 830,000-barrel-per-day Keystone XL expansion project to some into service.

"With Alberta oil production projected to increase by almost three million barrels per day over the next 15 years, it is important to have the right infrastructure in place to move these resources safely and reliably to market at the right time," said Alex Pourbaix, the TransCanada executive in charge of oil pipelines.

"These projects will help link Canadian crude oil resources in northern Alberta to markets in Eastern Canada and the United States. …

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