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TransCanada delays filing application for 'Energy East' until next year

TransCanada is delaying filing an application to the National Energy Board for it’s proposed $12-billion  ‘Energy East’ pipeline until sometime next year.

The pipeline company originally planned to file it before the end of this year, but it says there’s still environmental work to do and it needs to finalize the route.

The 4,500 kilometre line would have the potential to ship 1.1 million barrels per day of Albertan crude to refineries and export hubs in Quebec and New Brunswick.

At an energy conference in Saint John, New Brunswick, VP Steve Pohlod said the route won’t make everyonne happy, but the company is trying to please as many people as possible.

TransCanada plans to convert a portion of an underused natural gas line to oil as well as add a 1,400 kilometre  line to Saint John.

Irving Oil said they’ll have to expand plans for a proposed new $300-million marine terminal because of an increased capacity.

It says plans to build a 300-million dollar terminal at its Canaport facility near its refinery in Saint John were based on estimates of the line carrying 850-thousand barrels of oil daily.

October 3rd, 2013