TransCanada’s Keystone XL May Be One Oil Pipeline Too Many
- Keystone may leave pipelines underutilized until 2030: CERI
- Oil output to hit 5.5 million barrels a day in about 12 years
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TransCanada Corp.’s Keystone XL may be one pipeline too many for Canada, at least for now.
Construction of the export line would supply Western Canada with more pipeline capacity than needed through 2030, assuming it were operating in the next decade along with the Trans Mountain pipeline expansion and Enbridge Inc.’s Line 3, according to research released by the Canadian Energy Research Institute on Tuesday.