Friday, January 19, 2018

TransCanada: Keystone XL pipeline construction will start next year

By Washington Times
, Jan. 18, 2018

After a decade of uncertainty and near-constant battles with federal and state regulators, TransCanada said Thursday it plans to break ground on the Keystone XL oil pipeline next year, delivering a huge win for the energy industry and laying to rest rumors it was on the verge of walking away from the $8 billion project.

The Canadian company said it has secured “500,000 barrels per day of firm, 20-year commitments,” meaning TransCanada believes the pieces are in place to make Keystone financially viable for the next two decades. The company still has hurdles to clear: Most notably, it needs easements from dozens of Nebraska landowners with property that sits along the pipeline’s route.

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