January 22, 2013 / 8:51 PM / 5 years ago

TransCanada says Gulf Coast pipeline project sticks to schedule

CALGARY, Alberta, Jan 22 (Reuters) - TransCanada Corp Chief Executive Russ Girling said on Tuesday that the company's $2.3 billion Gulf Coast project is on schedule and he expects 700,000 barrel-per-day pipeline to open by year end.

Speaking to reporters in Calgary, Girling said work on the project is 40 percent complete and welding on the 485-mile (780-kilometer) pipeline should be completed by the end of September. The Cushing, Oklahoma, to Nederland, Texas, pipeline - the southern leg of the controversial Keystone XL project - will be then be filled with oil and tested in the fourth quarter.

"It's not going to be a matter of weeks but the end of the year is the best that we can do," he said.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below