Pipeline could send almost 900,0000 barrels to U.S. daily
U.S. government would need to ‘de-risk’ the project first
https://www.bloomberg.com/news/arti...to-approve-keystone-xl-alberta-s-premier-says
The U.S. government has been reaching out to major oil producers including Venezuela, which is under sanctions, to find replacements for Russian oil after that country’s invasion of Ukraine. It has also been working to restore a nuclear pact with Iran that would allow that country’s oil to return to the market.
The U.S. would be better off turning to its northern neighbor for crude than seeking out “dictator oil,”
“The Keystone XL Pipeline Project was terminated in June 2021,” TC Energy said in an email.
The existing Keystone pipeline system, which was built before the XL expansion was proposed, “will continue to provide unique, stable and safe source of energy to meet increasing U.S. energy demands.”
Alberta will produce and export record volumes of oil this year and the province can boost shipments abroad by about 10% by using existing pipeline and crude-by-rail facilities more efficiently, Kenney said. [/u]Enbridge Inc.’s new Line 3 pipeline and a so-called diluent recovery unit that allows heavier crude to be railed down to U.S. refineries will also help boost exports, he said.[/U]
U.S. government would need to ‘de-risk’ the project first
https://www.bloomberg.com/news/arti...to-approve-keystone-xl-alberta-s-premier-says
The U.S. government has been reaching out to major oil producers including Venezuela, which is under sanctions, to find replacements for Russian oil after that country’s invasion of Ukraine. It has also been working to restore a nuclear pact with Iran that would allow that country’s oil to return to the market.
The U.S. would be better off turning to its northern neighbor for crude than seeking out “dictator oil,”
“The Keystone XL Pipeline Project was terminated in June 2021,” TC Energy said in an email.
The existing Keystone pipeline system, which was built before the XL expansion was proposed, “will continue to provide unique, stable and safe source of energy to meet increasing U.S. energy demands.”
Alberta will produce and export record volumes of oil this year and the province can boost shipments abroad by about 10% by using existing pipeline and crude-by-rail facilities more efficiently, Kenney said. [/u]Enbridge Inc.’s new Line 3 pipeline and a so-called diluent recovery unit that allows heavier crude to be railed down to U.S. refineries will also help boost exports, he said.[/U]