TransCanada says Gulf Coast pipeline to start up on Jan. 22

CALGARY, Alberta Tue Dec 17, 2013 11:52am EST

CALGARY, Alberta Dec 17 (Reuters) - TransCanada Corp expects its new 700,000 barrel per day Gulf Coast oil pipeline to begin service on Jan. 22, Chief Executive Russ Girling said in an interview on Tuesday.

The company is currently filling the Cushing, Oklahoma, to Port Arthur, Texas, pipeline with the 3 million barrels of crude oil needed before it can be placed into normal operation.

Initial testing is showing no issues with the line and shippers were told of the planned in-service date on Monday.

The Gulf Coast line is the southern leg of TransCanada's controversial Keystone XL project.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.