TC Energy Launches Open Season to Add 80,000 bpd to Keystone Pipeline System
TC Energy launched an open season Wednesday to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty, Alberta to Patoka, Illinois.
Up to 80,000 barrels per day of capacity is being offered subject to terms and conditions specified in the open season information package.
Interested parties must submit binding bids before the close of the open season at 12 p.m. MT. on Feb. 19. Information regarding the open season is available online or by contacting liquids_pipelines@tcenergy.com.
Interested parties in this open season will be required to satisfy creditworthiness requirements and to provide any required contract financial assurances on or before March 26. The successful party or parties’ contracts will be countersigned within 60 days following the closing date of the open season.
TC Energy offers shippers great opportunities to reach U.S. Midwest and U.S. Gulf Coast markets via the Keystone Pipeline System. The 4,324-kilometre (2,687-mile) Keystone Pipeline System plays a key role in connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma and Texas, as well as connecting U.S. crude oil supplies from the Cushing, Okla., hub to refining markets in the U.S. Gulf Coast through the Marketlink Pipeline System.
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