Gulf Coast Pipeline Project
Gulf Coast Pipeline Project Begins Delivering Crude Oil To Nederland, Texas
TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced at approximately 10:45 a.m. CST on January, 22, 2014, the Gulf Coast Pipeline Project began delivering crude oil on behalf of our customers to Texas refineries. The completion of this US$2.3 billion crude oil pipeline provides a safe and direct connection between the important oil hub in Cushing, Oklahoma and delivery points on the U.S. Gulf Coast.
TansCanada Corporation’s President and CEO, Russ Girling commented: This is a very important milestone for TransCanada, our shippers and Gulf Coast refiners who have been waiting for a pipeline to supply oil directly from Cushing,” “This project is a critical, modern piece of American energy infrastructure that allows producers to safely connect growing production with the world’s most efficient refiners on the U.S. Gulf Coast. It also provides those American refineries the opportunity to use more of the crude oil produced in both Canada and the United States for decades to come.”