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TransCanada holds ‘open season’ on Energy East pipeline project

Keywords: Tags  TransCanada, Energy East Pipeline, crude oil, Canada pipeline, natural gas, Thorsten Schier

NEW YORK — TransCanada Corp. is holding a "binding open season" to obtain firm commitments for its proposed Energy East Pipeline project from western to eastern Canada, the company said April 2.

The Calgary, Alberta-based company will convert about 1,864 miles of pipeline used for transporting natural gas to crude oil service for the project, as well as construct some 870 miles of new pipeline.

The open season will begin April 15 and close June 17, the company said.

The 850,000-barrel-per-day line could be in service as early as late 2017, the company said.

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