TC to File Oct. 30 with NEB

29 10 2014

[Note that there are NO PLANS to build an oil REFINERY in Saint John that is capable of refining diluted bitumen. Currently there are no refineries in Eastern Canada that can refine more than 5% of the bitumen or tar sands oil that this pipeline will produce. More than 95% of this diluted bitumen will be loaded onto tankers and shipped to the US to be refined, then SOLD BACK to people in Eastern Canada at a price HIGHER than what they are paying for oil right now.]

TransCanada set to file Energy East pipeline application

Document to National Energy Board described as ‘one of the most comprehensive’ in company’s history

CBC News Posted: Oct 29, 2014 3:26 PM AT Last Updated: Oct 29, 2014 3:26 PM AT

east-west-pipe-620

The pipeline proposal, which still needs regulatory approval, would send 1.1 million barrels of oil per day from Western Canada to refineries and export terminals in Eastern Canada. (Courtesy of TransCanada)

TransCanada says it plans to file its application for the proposed Energy East pipeline project with the National Energy Board of Canada on Thursday.

The application is “considered to be one of the most comprehensive regulatory documents in the company’s history,” it said in a statement.

TransCanada will hold a simultaneous news conference in Toronto and Quebec on Thursday to discuss the application, which describes the environmental assessment process and provides preliminary information about the scope of activities.

The Calgary-based company will also provide an update on the $12-billion project, the statement said.

TransCanada wants to convert 3,000 kilometres of existing natural gas pipeline and build about 1,600 kilometres of new pipeline in Quebec and New Brunswick.

It is expected the west-east pipeline would transport 1.1 million barrels a day of crude oil from Alberta to the Irving Oil refinery in Saint John.

Also planned are new pumping stations, oil storage terminals and a joint venture with Irving for a new $300-million
deep-water marine terminal, according to the project description filed with the National Energy Board in March.

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