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Canada-US oil pipeline close to reaching commitment requirement: Reuters
Oil companies have committed to move at least 400,000 barrels per day, a level that would clear the project’s minimum threshold.
- A proposed pipeline by Canadian company South Bow Corp and U.S. partner Bridger Pipeline is nearing the 400,000 barrels per day commitment threshold required to move forward, sources said on Tuesday.
- President Donald Trump signed an order last Thursday granting a cross-border permit for the project, which revives about 93 miles of idle Keystone XL infrastructure in Alberta.
- Major shippers Cenovus Energy, Canadian Natural Resources Ltd , Tamarack Valley, Whitecap Resources, and Strathcona Resources have committed to the project, signaling Canadian oil producers' eagerness for takeaway capacity.
- Analyst AJ O'Donnell at Tudor Pickering, Holt & Co. called it "the most logical approach to adding incremental oil egress capacity," though uncertainty remains around final economics.
- The pipeline route ends in Guernsey, Wyoming, but additional links to refining hubs like Cushing, Oklahoma, Patoka, Illinois, and the U.S. Gulf Coast will be required for full market access.
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Canada-US Oil Pipeline Close to Reaching Commitment Requirement
·Washington, United States
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Coverage Details
Total News Sources8
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
13%
C 62%
R 25%
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