Canada eyes Asia after U.S. delays Keystone project

HONOLULU Sun Nov 13, 2011 5:26pm EST

Demonstrators carry a giant mock pipeline while calling for the cancellation of the Keystone XL pipeline during a rally in front of the White House in Washington November 6, 2011. REUTERS/Joshua Roberts

Demonstrators carry a giant mock pipeline while calling for the cancellation of the Keystone XL pipeline during a rally in front of the White House in Washington November 6, 2011.

Credit: Reuters/Joshua Roberts

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HONOLULU (Reuters) - Canadian Prime Minister Stephen Harper said on Sunday his country will make a bigger push to sell its energy products to Asia after Washington delayed a decision to approve the Keystone XL Canada-to-Texas oil pipeline project.

"This does underscore the necessity of Canada making sure that we are able to access Asia markets for our energy products," Harper told reporters on the sidelines of the Asia-Pacific Economic Cooperation forum.

"That will be an important priority of our government going forward and I indicated that yesterday to the president of China."

The Obama administration recently announced it would study a possible new route for TransCanada Corp's proposed $7 billion pipeline, which could end up killing the project.

Harper reiterated the Canadian government's disappointment and said he remained optimistic the United States would eventually give it the green light.

"It's important to note there has been extremely negative reaction to this decision in the United States," Harper said ahead of a one-on-one meeting with President Barack Obama.

(Reporting by Rachelle Younglai; Editing by John O'Callaghan)

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Comments (8)
DougM wrote:
We(Canadians)have to sell our oil to those who want it and can transport it safely. We must keep the Asian option open, but I hope it ends up going to the good old USA.

Nov 13, 2011 6:56pm EST  --  Report as abuse
libertadormg wrote:
The Canadian heavy crude from oil sands will be shipped by train and barge to refineries in Texas to be blended with volatile oil from the Eagle Ford. Fear not!

Nov 13, 2011 7:10pm EST  --  Report as abuse
maltadefender wrote:
interms of the wti brent spread we “donated” 20 billion to the US
last year…time for a pipe to the coast period..Harper is a bit of a yankee poodle…. perhaps he is growing some

Nov 13, 2011 7:15pm EST  --  Report as abuse
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