海角吃瓜网

Despite TransCanada海角吃瓜网檚 Keystone XL pipeline expansion project rejected by US President Barack Obama, the company is now attempting to make headway in the oil refinery complex, in America海角吃瓜网檚 Gulf Coast.

TransCanada海角吃瓜网檚 Houston Lateral pipeline and tank terminal is intended to be available by 2Q16. It will connect the existing Keystone pipeline system to the company海角吃瓜网檚 Houston refineries.

Paul Miller from TransCanada stated: 海角吃瓜网淭oday, we probably move over 300 000 bpd of crude oil from Canada to the US Gulf Coast, and we represent about a third of that. As we see the connection of our system going to these additional markets in the US Gulf Coast, we would look to increase both our share as well as the absolute volume.海角吃瓜网�

In order to strengthen the relationship between its Houston Lateral pipeline and terminal and the Gulf Coast energy markets, the company 海角吃瓜网� along with Magellan Midstream Partners LP 海角吃瓜网� has decided to construct a US$50 million pipeline, which will transport 200 000 bpd from TransCanada海角吃瓜网檚 terminal in Houston to Magellan海角吃瓜网檚 East Houston terminal.

Miller explained: 海角吃瓜网淚t海角吃瓜网檚 small from a dollar perspective, but it海角吃瓜网檚 hugely significant from a connectivity perspective, providing connectivity to both the Houston and the Texas City refineries. [Additionally,] Louisiana is another attractive market for TransCanada, considering the existing footprint we have down to the US Gulf Coast.海角吃瓜网�

However, despite numerous smaller pipeline projects being undertaken by TransCanada, the Houston Lateral pipeline and terminal will not be able to replace the benefits or success the Keystone XL pipeline project could have brought.

Yet, TransCanada is not deterred from the Keystone XL海角吃瓜网檚 rejection. In early January 2016, the company announced that it had filed a Notice of Intent to initiate a claim under Chapter 11 of the North American Free Trade Agreement (NAFTA) in response to the US Administration's decision to deny a Presidential Permit for the Keystone XL pipeline on the basis that the denial was arbitrary and unjustified. TransCanada also filed a lawsuit in the US Federal Court in Houston, Texas, asserting that the President's decision to deny construction of Keystone XL exceeded his power under the US Constitution.

TransCanada CEO Russ Girling said the Keystone XL pipeline was still possible, continuing to state: 海角吃瓜网淚t海角吃瓜网檚 pretty clear we have been harmed in an arbitrary and discriminatory way. I don海角吃瓜网檛 think there海角吃瓜网檚 anybody that would say this isn海角吃瓜网檛 an egregious abuse of authority and that we weren海角吃瓜网檛 treated fairly or equitably to whatever standards you choose 海角吃瓜网� cross-border pipelines, domestic pipelines, or imports from other countries.海角吃瓜网�

Similarly, BMO Capital Markets Analysist Ben Pham argued that the company could have a 海角吃瓜网渃redible case.海角吃瓜网� However, he continued to explain that 海角吃瓜网渉aving said that, the odds appear to be against TransCanada, as no company has been successful with a NAFTA challenge so far with the US, and the process could take years to resolve unless early settlement.海角吃瓜网�

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