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April 8, 2013 |
Saint John to be a TransCanada Pipeline Terminus
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Saint John has been designated a delivery point for TransCanada’s Eastern Oil Pipeline Project. TransCanada announced April 2 that it would accept binding commitments from interested parties for a pipeline to transport crude oil from Western Canada to Eastern Canadian markets.
The pipeline will be able to transport upwards to 850,000 barrels of Western Canadian crude oil per day to Port Saint John, where it would be loaded on tankers for export to global markets. The port now receives the largest tankers and crude carriers and has been a petroleum cargo transhipment center for more than 50 years. In 2012 alone, it handled more than 26 million metric tons of liquid bulk cargo.
"This opportunity for Saint John and our port is phenomenal,” said Port Saint John President and CEO Jim Quinn.
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