Enbridge’s Pipeline Plan May Gain on New Delays to Keystone XL |
| BusinessWeek - Nov 11, 2011 |
Enbridge Inc.’s plan for a pipeline to carry oil-sands crude from Canada to the Texas Coast may gain a competitive advantage from the U.S. State Department’s demand for further study of TransCanada Corp.’s rival Keystone XL line.
The State Department delayed a decision today on approval of TransCanada’s 1,661-mile (2,673-kilometer) pipeline so that alternate routes can be examined. The effort “could be completed as early as the first quarter of 2013,” the department said in an e-mailed statement.
Changing the route might scuttle TransCanada’s $7 billion project, John Auers, senior vice president of Turner, Mason & Co., a Dallas-based pipeline and engineering consultancy, said in an e-mail.
“I wouldn’t expect TransCanada to immediately abandon the project, but I don’t think it will make sense to go ahead with a re-route,” Auers said. “I would expect that TransCanada will continue to work with and lobby the government behind the scenes to change this decision.”
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- Posted: 2011-11-11 11:58:34
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