"Two of the most controversial pipeline projects this century-the failed Keystone XL project and the successful Dakota Access Pipeline-are gaining new life to move Canadian oil into the U.S., backed by cross-border permits quickly approved by President Donald Trump. The April permits arrive as oil producers push to move growing Canadian volumes to U.S. refineries, and the war in Iran gives cover to boost the case for greater North American energy self-sufficiency."
"The defunct Keystone XL (KXL) from Alberta through Nebraska-killed by both the Obama and Biden administrations-is being revived in a slimmer form with a different name. The combined Prairie Connector and Bridger Pipeline Expansion projects by Canada's South Bow and True Companies' Bridger Pipeline would use existing KXL pipe and assets on the Canadian side-partially built before it was last canceled in 2021-meeting a new Bridger pipeline at the Montana border and running 647 miles to the Guernsey, Wyoming interconnection hub."
"Likewise, Rumsey said the "notoriously underutilized" Dakota Access Pipeline (DAPL)-which stretches from North Dakota to Illinois-would indirectly expand to move Canadian crude by connecting with Calgary-based pipeline giant Enbridge. Enbridge plans to reverse its Bakken Pipeline (Line 26)-also underutilized-that historically runs north into Canada to instead flow Canadian barrels south to DAPL. Enbridge would build about 80 miles of additional pipelines to connect the two networks."
""These projects are popping out more so because of what's happening in Iran," said Keland Rumsey, crude team lead analyst for East Daley Analytics, arguing the war may help expedite the projects that were already under consideration. "The regulatory environment with the current sitting president obviously helps these projects get movement.""
April permits enable renewed pipeline efforts to move Canadian crude into U.S. refineries. Producers seek to route growing Canadian volumes south, supported by a regulatory environment favorable under President Trump. War in Iran is cited as providing political cover for greater North American energy self-sufficiency. Keystone XL is being revived in a slimmer form using existing pipe and assets on the Canadian side, with a new Bridger pipeline connection at the Montana border and a route to the Guernsey, Wyoming interconnection hub. Dakota Access is described as underutilized and would expand indirectly through connections with Enbridge’s reversed Bakken Pipeline, requiring about 80 miles of additional pipeline to link networks.
#oil-pipelines #canadian-crude-exports #us-energy-policy #cross-border-permits #north-american-energy-security
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]