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Released August 14, 2018 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) is advancing with its C$28 billion ($21.3 billion) near-term capital program. In a conference call, TransCanada Chief Executive Officer Russ Girling said about C$10 billion ($7.6 billion) of the company's pipeline projects are expected to enter service by the end of this year. Industrial Info is tracking $20.8 billion in TransCanada projects in the U.S., Canada and Mexico.
In discussing the company's U.S. projects, Girling said, "During the second quarter, we advanced C$6.1 billion ($4.6 billion) of expansion projects, including Columbia's Mountaineer, WB and Gulf XPress projects. All three of those projects are expected to enter service by the end of 2018 at a combined investment of approximately US$4.5 billion. Looking forward, we expect our Columbia system to continue to generate organic growth opportunities as natural gas production continues to grow in the Marcellus and Utica regions." TransCanada acquired Columbia Pipeline Group in mid-2016.
TransCanada's Mountaineer XPress natural gas pipeline project will add 171 miles of pipeline to carry up to 2.7 billion cubic feet per day (Bcf/d) of natural gas in West Virginia. The project has an overall estimated total investment value (TIV) of $270 million. Construction began earlier this year, with Welded Construction LP (Perrysburg, Ohio) acting as the general contractor. For more information, see Industrial Info's project reports on Spread 1, Spread 2, spreads 3 and 4, spreads 5 and 6, and spreads 7 and 8.
TransCanada's WB XPress project involves the replacement of existing pipeline and construction of grassroot pipeline in Virginia and West Virginia. Construction began at the start of the year and is expected to wrap up in the fourth quarter. Apex Pipeline Services Incorporated (Winfield, West Virginia) is acting as the general contractor. The pipeline will carry up to 1.3 Bcf/d of natural gas. For more information, see Industrial Info's project reports on the Virginia and West Virginia portions of the pipeline.
The company's Gulf XPress project entails construction of compressor stations in Kentucky, Tennessee and Mississippi to help transport natural gas from the Appalachian Basin. For more information, see Industrial Info's project reports on compressor stations in Morehead, Kentucky, Edmonton, Kentucky, Nashville, Tennessee, and Grenada, Mississippi, among others.
Girling also gave an update on one of the company's most well-known projects: the Keystone XL crude oil pipeline, which will deliver crude oil from Hardisty, Alberta, to Nebraska, to go on to the Gulf Coast. Girling said TransCanada had secured 500,000 barrels per day (BBL/d) of firm 20-year commitments on the pipeline. "Potential shippers continued to express interest in the remaining capacity available on Keystone XL, as well as any capacity that could be made available on the existing Keystone system. ... We would continue to anticipate that the pipeline's capacity would be fully subscribed in the coming months." Among the final states to give consent to the project was Nebraska, where Girling said TransCanada had negotiated easements for approximately 62% of the approved route. For more information, see Industrial Info's project report on the Nebraska portion of the pipeline.
The company also is progressing with projects to facilitate natural gas exports from the U.S. to Mexico. Girling said, "Turning to Mexico, where we are advancing construction of three pipelines at a total cost of about US$2.8 billion, offshore construction of the Sur de Texas Pipeline was completed in May and continues to progress towards an anticipated in-service date of late 2018." Construction on the pipeline began in the first half of last year. The pipeline will carry to 2.6 Bcf/d of natural gas from south Texas through the Gulf of Mexico to Tuxpan, where it will intersect with the Tuxpan-Tula Pipeline, which has an anticipated startup date in 2019. For more information, see Industrial Info's project reports on the Sur de Texas Pipeline and the Tuxpan-Tula Pipeline.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
In discussing the company's U.S. projects, Girling said, "During the second quarter, we advanced C$6.1 billion ($4.6 billion) of expansion projects, including Columbia's Mountaineer, WB and Gulf XPress projects. All three of those projects are expected to enter service by the end of 2018 at a combined investment of approximately US$4.5 billion. Looking forward, we expect our Columbia system to continue to generate organic growth opportunities as natural gas production continues to grow in the Marcellus and Utica regions." TransCanada acquired Columbia Pipeline Group in mid-2016.
TransCanada's Mountaineer XPress natural gas pipeline project will add 171 miles of pipeline to carry up to 2.7 billion cubic feet per day (Bcf/d) of natural gas in West Virginia. The project has an overall estimated total investment value (TIV) of $270 million. Construction began earlier this year, with Welded Construction LP (Perrysburg, Ohio) acting as the general contractor. For more information, see Industrial Info's project reports on Spread 1, Spread 2, spreads 3 and 4, spreads 5 and 6, and spreads 7 and 8.
TransCanada's WB XPress project involves the replacement of existing pipeline and construction of grassroot pipeline in Virginia and West Virginia. Construction began at the start of the year and is expected to wrap up in the fourth quarter. Apex Pipeline Services Incorporated (Winfield, West Virginia) is acting as the general contractor. The pipeline will carry up to 1.3 Bcf/d of natural gas. For more information, see Industrial Info's project reports on the Virginia and West Virginia portions of the pipeline.
The company's Gulf XPress project entails construction of compressor stations in Kentucky, Tennessee and Mississippi to help transport natural gas from the Appalachian Basin. For more information, see Industrial Info's project reports on compressor stations in Morehead, Kentucky, Edmonton, Kentucky, Nashville, Tennessee, and Grenada, Mississippi, among others.
Girling also gave an update on one of the company's most well-known projects: the Keystone XL crude oil pipeline, which will deliver crude oil from Hardisty, Alberta, to Nebraska, to go on to the Gulf Coast. Girling said TransCanada had secured 500,000 barrels per day (BBL/d) of firm 20-year commitments on the pipeline. "Potential shippers continued to express interest in the remaining capacity available on Keystone XL, as well as any capacity that could be made available on the existing Keystone system. ... We would continue to anticipate that the pipeline's capacity would be fully subscribed in the coming months." Among the final states to give consent to the project was Nebraska, where Girling said TransCanada had negotiated easements for approximately 62% of the approved route. For more information, see Industrial Info's project report on the Nebraska portion of the pipeline.
The company also is progressing with projects to facilitate natural gas exports from the U.S. to Mexico. Girling said, "Turning to Mexico, where we are advancing construction of three pipelines at a total cost of about US$2.8 billion, offshore construction of the Sur de Texas Pipeline was completed in May and continues to progress towards an anticipated in-service date of late 2018." Construction on the pipeline began in the first half of last year. The pipeline will carry to 2.6 Bcf/d of natural gas from south Texas through the Gulf of Mexico to Tuxpan, where it will intersect with the Tuxpan-Tula Pipeline, which has an anticipated startup date in 2019. For more information, see Industrial Info's project reports on the Sur de Texas Pipeline and the Tuxpan-Tula Pipeline.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
