Keystone XL Pipeline Gets Enough Shipper Pledges to Proceed
- About 500,000 barrels-a-day secured, TransCanada reports
- Company ‘progressing’ toward a final decision, spokesman says
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TransCanada Corp. has enough customer interest to go forward with the Keystone XL oil pipeline, if the company decides to build it.
The Calgary-based company now has “approximately 500,000 barrels per day of firm, 20-year commitments,” according to a statement on Thursday. The pipeline operator will continue to secure additional volumes.