TransCanada CEO hopeful on LNG, moving forward cautiously on Keystone XL

CALGARY — The head of TransCanada Corp. said Thursday that he’s still optimistic about Canada’s liquefied natural gas export prospects and that the company is proceeding very carefully on its controversial Keystone XL pipeline.

Speaking at an investment conference in Whistler, B.C., Russ Girling said the company sees an emerging window of demand opportunity in 2022 for the Shell-backed LNG Canada project to go forward and expects to hear a decision in the next 12 months or so.

On the company’s Keystone XL project, Girling said TransCanada has looked carefully at how the alternative route for the pipeline was approved in Nebraska and is now confident the decision will hold.

“We’re very comfortable with the legality and the technical underpinning of that decision,” he said.

His comments come as opponents of the pipeline say they’re looking to challenge the legitimacy of the approval, because it wasn’t for the preferred route TransCanada had originally applied for.

Girling said the alternate route isn’t a challenge technically and the extra few miles in length will add about $100 million to $200 million to the project cost.

With a new route approved, he said the company is working to acquire land and continue engineering and is being especially careful on project spending until they’re fully ready to start construction.

“We’ve got a lot of bruises from not being really careful, so we’ll just be very careful of how we spend our money through the next 12 months.”

One of the company’s recent setbacks was cancelling the Energy East pipeline, which Girling said was done because of its complexity and difficulty compared with other projects.

“It didn’t appear like we could get all the pieces put together that were necessary.”

Just Posted

Sunny weather improves farmers’ prospects

A harvester kicking up dust. It’s a picture that will bring a… Continue reading

Rural transit pilot project being considered

Penhold, Innisfail and Red Deer County councils to decide whether to go ahead with project

Red Deer fire station up for sale

Home sweet home at Fire Station 4

Most surveyed Innisfail residents give urban chickens the thumbs up

Town of Innisfail will discuss whether to allow backyard chickens on Monday

WATCH: Two weeks away from Canadian Finals Rodeo in Red Deer

In just two weeks, Ponoka’s Shayna Weir will compete with the best… Continue reading

Coyote on the prowl near Penhold

This coyote was out on the prowl in a field just west… Continue reading

Sky’s the limit as Calgary opens testing area for drones and new technologies

CALGARY — The sky’s the limit as the city of Calgary opens… Continue reading

Hi Mickey, ‘Bye Mickey: 6 Disney parks on 2 coasts in 1 day

ORLANDO, Fla. — Heather and Clark Ensminger breathed sighs of relief when… Continue reading

Court weighs ‘Apprentice’ hopeful’s suit versus Trump

NEW YORK — President Donald Trump’s lawyers hope to persuade an appeals… Continue reading

StarKist admits fixing tuna prices, faces $100 million fine

SAN FRANCISCO — StarKist Co. agreed to plead guilty to a felony… Continue reading

Annual pace of inflation slows to 2.2 per cent in September: Statistics Canada

OTTAWA — The annual pace of inflation slowed more than expected in… Continue reading

Jury finds Calgary couple guilty in 2013 death of toddler son

CALGARY — A jury has convicted a Calgary couple in the death… Continue reading

Study of U.S. hospital figures links pot use with increased risk of stroke

MONTREAL — New research is being presented at a conference in Montreal… Continue reading

Most Read