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South Bow gauging shipper interest in new Alberta-to-U. S. pipeline project
South Bow Corp. seeks binding long-term commitments to transport Alberta crude from Hardisty to U.S. hubs, leveraging existing Keystone pipeline infrastructure, the company said.
- Yesterday, South Bow Corp. launched an open season to solicit binding commitments for long-term transport from Hardisty, Alta., to Cushing, Okla., and the U.S. Gulf Coast lasting until this month’s end.
- South Bow, spun off from TC Energy Corp. in late 2024, will use the open season to gauge customer interest and then take two months to assess commercial support.
- Alongside the filing, South Bow disclosed its fourth-quarter results, with net income of 156 and profit per share of 61 cents.
- South Bow offered few details in its release Thursday about the possible project's timing, scale and structure, and support remains uncertain, though it could expand Alberta crude flows via the Keystone system.
- The Keystone XL saga continues to shape the context, with speculation linking the proposal to unused pipe from the defunct Keystone XL and Bridger Pipeline LLC's 550,000 barrels per day plan.
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Bowen Island Undercurrent+3 Reposted by 3 other sources
South Bow boss taking lessons from Keystone XL as it pursues new cross-border project
CALGARY — The chief executive of South Bow Corp. says spreading out risk among partners and customers will be key if it goes ahead with a new Alberta-U. S. pipeline project.
Coverage Details
Total News Sources15
Leaning Left6Leaning Right1Center4Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 36%
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