TransCanada offers additional capacity on crude pipeline from Cushing

13 November 2013 14:55  [Source: ICIS news]

HOUSTON (ICIS)--TransCanada on Wednesday launched a binding open season for additional committed capacity on its Cushing Marketlink crude pipeline project from the Cushing oil hub in Oklahoma to delivery points in Port Arthur, Texas.

Interested parties may submit binding bids for transportation capacity until 22 November, TransCanada said, without commenting on capacity details.

The Canada-based energy infrastructure major held previous successful open seasons in 2010 and in 2011 that allowed the Cushing Marketlink project to proceed, it added.

According to TransCanada’s website, Cushing Marketlink will provide facilities to transport crude oil from Cushing to the US Gulf Coast "using facilities that make up part of the Keystone Gulf Coast Expansion Project, Keystone XL."

However, the US has not yet approved the Keystone XL project that would enable shipments of oil sands-based crude from Alberta to reach refineries on the US Gulf Coast.

By: Stefan Baumgarten
+1 713 525 2653

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