Energy East Quebec port axed by TransCanada

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by JOC Digital Media

TransCanada has announced adjustments to the Energy East Pipeline. The company will be amending the Energy East application before the National Energy Board to remove a port in Québec from the scope of the project.
Energy East Quebec port axed by TransCanada

TransCanada stated the decision came after listening to local communities, key stakeholders and its customers.

"Today's announcement demonstrates our dedication to listening and delivering a vital infrastructure project that will provide significant economic benefits to all provinces along the pipeline's route," said Russ Girling, TransCanada's president and chief executive officer. "We will do this while maintaining our commitment to environmental stewardship and the safe, responsible development of this pipeline."

TransCanada will be sending the NEB amendments to the Energy East application, including the addition of today's changes, in the fourth quarter of 2015. The change in project scope and further refinement of the project schedule is expected to result in an in-service date of 2020, subject to receiving the necessary regulatory approvals and permits.

The 1.1 million barrel per day (bbl/d) Energy East project is key element of TransCanada's $47 billion of commercially secured growth initiatives. Quebec Premier Philippe Couillard told reporters the project is less appealing for the province without an export port in Quebec.

"With a port in the province, it's quite simple to calculate the benefits in terms of infrastructure, jobs," he said. "Without it, I'm not saying it's impossible, but it becomes even more complicated."

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