Back-to-back pipeline announcements from TC Energy Corp. are prompting celebrations from both oil and natural gas producers in Canada, who believe that a legal win for the Keystone XL pipeline and changes to the Nova natural gas pipelines will offer relief to the beleaguered industry.
In the same week that Ottawa announced construction would soon begin on the Trans Mountain oil pipeline expansion project, TC Energy said Friday that the Nebraska Supreme Court upheld the Keystone XL pipeline’s route approval by the state’s public utilities commission. The Alberta-to-U.S. Gulf Coast conduit is expected to move 830,000 barrels of oil per day once completed.
Hours earlier on Thursday night, TC Energy, the company previously known as TransCanada, reached an agreement with the Alberta government and domestic natural gas producers to change the way it operates the Nova gas transmission system, the province’s largest gas pipeline network.
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