TransCanada plans pipeline along Maine border
The Canadian oil company TransCanada Corp. has plans for a $12 billion pipeline that would run the length of Maine’s eastern border with New Brunswick and could transport up to 1.1 million barrels of crude oil per day.
The Portland Press Herald reported the proposed pipeline would end in Saint John, New Brunswick, where the company and Irving Oil would build a deep-water marine terminal to handle some of the world’s largest oil tankers. The project would involve construction of 870 miles of new pipeline and would use around 1,800 miles of existing natural gas pipeline.
A TransCanada spokesman told the paper that the new pipeline might be used to transport controversial tar sands oil, originating from Alberta, as well as other light oils from the Bakken region of North Dakota and Saskatchewan. The company says it plans for the pipeline to serve Quebec starting in 2017 and Saint John by 2018.
Patricia Mohr, a senior economist with the Bank of Nova Scotia, told The Associated Press that a new pipeline could cut the need for oil transported by rail, as it would provide a cheaper and safer option.
Officials from Portland Pipe Line Corp., which said it’s considering other uses for its Montreal-South Portland oil pipeline — including reversing the flow of the pipeline — told the paper that the company is still evaluating how TransCanada’s plan might affect crude oil movement along the East Coast.
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