TransCanada Corp., which says Keystone XL will be the safest pipeline ever built, isn’t planning to use infrared sensors or fiber-optic cables to detect spills along the system’s 2,000-mile (3,200-kilometer) path to Texas refineries from fields in Alberta.
Crude from Alberta’s oil sands sells at a 30 percent discount to its U.S. counterpart. TransCanada Corp. Chief Executive Officer Russ Girling plans to narrow that gap whether or not his Keystone XL pipeline to the Gulf of Mexico wins approval from the Obama administration.
Growth in North American crude production has created sufficient demand for both the Keystone XL pipeline and a competing project to move oil from storage in Oklahoma to the Gulf Coast, TransCanada Chief Executive Officer Russ Girling said.
TransCanada Corp. may be able to win approval of its Keystone XL pipeline in six to nine months as the company negotiates with Nebraska and U.S. officials over a new route, Chief Executive Officer Russ Girling said.