XL delay has far-reaching effect: exec
Nov 14, 2011 | 06:08 PM
| Michael Cowden
Tags
Keystone XL,
Welspun Tubular,
David Delie,
pipeline,
line pipe,
TransCanada,
Evraz Inc. NA,
tar sands
oil
TORONTO — The delay until 2013 of a decision on whether to approve TransCanada Corp.’s Keystone XL pipeline won’t lead to the market being flooded with excess pipe.
A TransCanada spokesman told AMM Monday the energy company intended to keep the pipe for the XL in storage because the Calgary, Alberta-based company thinks the project will go forward.
"This project is too important to the U.S. economy, the Canadian economy and the national interest of the United States for it not to proceed," he said.
One of the suppliers to the Keystone XL pipeline had expressed fears to AMM that the setback could endanger other big pipeline projects and to excess pipe from the project potentially spilling into the market.....
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