Fading Canadian pipeline ambition
The revival of Keystone XL and Canada's tricky pipeline politics doomed Energy East
Canada's hopes of becoming a global energy superpower took a significant hit in October when TransCanada, the country's largest pipeline operator, unceremoniously cancelled the proposed Energy East pipeline. The C$15.7bn ($12.32bn) pipeline would have shipped 1.1m barrels a day some 4,500km (2,800 miles) to Canada's Maritimes, making it the country's longest pipeline, and one of the largest in the world. Energy East would have backed out some 0.75m b/d of imports—mostly from Africa and the Middle East—from Canada's import-dependent eastern provinces and helped achieve a long-held goal of Canadian nationalists to make the country self-sufficient in oil. But sometimes even the best laid plans
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results