Posted in: Infrastructure,
by Gregg Laskoski on May 29, 2013 02:30 PM
Slow and steady just might win the race after all.
According to the Houston Chronicle, the southern leg of the Keystone XL pipeline is more than 75 percent complete and construction is proceeding on schedule, the pipeline owner, TransCanada, says.
While the controversy over the pipeline's approval focuses on the segment which requires approval from the U.S. president --because the northern segment would cross the U.S.-Canada border-- the federal government's inertia has not stalled the rest of the project.
“We have some pump stations to build, but we’ve made great strides on the pipeline itself,” said TransCanada spokesman David Dodson.
TransCanada in April pushed back its estimated completion date for the northern segment of the Keystone XL project, which is planned to eventually connect oil sands fields in Canada with the U.S. Gulf Coast. The delay was a result of slow federal approvals, the company said.
But there has been no change in the timeline for the $2.3 billion southern leg of the pipeline, which is under construction to add a major new oil line connecting the hub of Cushing, Oklahoma, with the Texas coast, Dodson said.
The 485-mile southern leg of Keystone XL will be able to move 700,000 barrels per day of oil when completed. Though it is expected to eventually bring crude from Canadian oil sands to Texas, oil sands crude is already being delivered to Gulf Coast refineries in large numbers.
"We're going to be done by the end of the year," Dodson said, "We're on schedule."
What do you think? Do you think the president will deliver approval of the Keystone XL northern leg?