[Newsbot]

Title: TransCanada gives go ahead for Energy East line
Category: Business
Posted By: DrCaleb
Date: 2013-08-01 12:50:12
Canadian

[Jabberwalker]

Now they'll actually be able to "let the Eastern bastards freeze in the dark".

[martin14]

$1:

The company made the announcement on Thursday and says the $12 billion project will see about 1.1 million barrel of oilsands crude per day shipped to Quebec and New Brunswick.

The pipeline will transport the product from �receipt points� in Alberta and Saskatchewan to refineries in Montreal, near Quebec City and St. John, New Brunswick.

[saturn_656]

Excellent!

[Jabberwalker]

I hope that this isn't just another export route to the Texas Gulf and that it really is to supply Eastern and Central Canada.

[DrCaleb]

Jabberwalker Jabberwalker:

I hope that this isn't just another export route to the Texas Gulf and that it really is to supply Eastern and Central Canada.

Texas, south. Montreal and St. Johns, East.

Shall I get a map and my crayons?

[martin14]

[peck420]

Idiot question time.

Where is it getting refined? I don't know of any heavy crude refineries out east.

Or, will it be upgraded here prior to pipe? Do we have the required upgrader capacity to handle that?

[DrCaleb]

peck420 peck420:

Idiot question time.

Where is it getting refined? I don't know of any heavy crude refineries out east.

Or, will it be upgraded here prior to pipe? Do we have the required upgrader capacity to handle that?

I believe it will be refined in Quebec and St. John, NB. The article says 'oilsands crude' so it will most likey be upgraded from Bitumen beforehand, so any crude oil refinery can process it.

Companies like Shell, Syncrude and Suncor upgrade bitumen on site, before piping it south/east.

[peck420]

Thanks DrC!

[Jabberwalker]

DrCaleb DrCaleb:

Jabberwalker Jabberwalker:

I hope that this isn't just another export route to the Texas Gulf and that it really is to supply Eastern and Central Canada.

Texas, south. Montreal and St. Johns, East.

Shall I get a map and my crayons?

I been to all those places, Clem!
Since most Eastern Canadian refineries have already been shut down, I will assume that the trend will continue and that it is primarily an export line to Houston, etc.. We will then buy it back as refined fractions from the Gulf and transported by other means. This is a sneaky end run on Keystone, not much of a benefit to Eastern Canada.

[DrCaleb]

Jabberwalker Jabberwalker:

DrCaleb DrCaleb:

Jabberwalker Jabberwalker:

I hope that this isn't just another export route to the Texas Gulf and that it really is to supply Eastern and Central Canada.

Texas, south. Montreal and St. Johns, East.

Shall I get a map and my crayons?

I been to all those places, Clem!
Since most Eastern Canadian refineries have already been shut down, I will assume that the trend will continue and that it is primarily an export line to Houston, etc.. We will then buy it back as refined fractions from the Gulf and transported by other means. This is a sneaky end run on Keystone, not much of a benefit to Eastern Canada.

You should learn to read the articles before you comment.

$1:

to refineries in Montreal, near Quebec City and St. John, New Brunswick.

These refineries are the ones that refine the North Sea and Saudi oil that is processed for Eastern Canada. The pipline is an existing natural gas line that is being repurposed for crude oil. It doesn't go south. At all.

[Jabberwalker]

I know. I grew up in Montreal and I know about the refineries in the East End. I also know that Canadian refineries have been shut down systematically over the last three decades ... several right around here in Oakville, for instance ... and it appears that the Gulf Coast refineries get first dibs. North American refining is being centralized, there. The future of Canadian refining is subject to decisions made outside of our country by entities who would prefer to do the "high value added" part of supplying oil where they live and leave the low paying part (supplying crude) to the suckers who have to buy the finished product. The "good" resource jobs are in secondary processing ... refining, smelting, forging, rolling, manufacturing,... All of that is slowly disappearing from Canada and what's left of our refining capacity is bound for Galveston.

The Trans Canada Pipeline can tie into this network any old place and it is an alternate export line south to the Keystone. It's very clever, actually, because most Eastern Canadians will be grateful to be connected to the Alberta oilfields and they can build in this direction without much resistance. The southbound part of the system is already there.