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  • arbtrdr arbtrdr Dec 9, 2012 3:45 PM Flag

    Canada to begin pipeline to China

    Willie -

    A couple thoughts and a question or two. OK?

    Keystone is not dead at all. About 25% is built and more under construction. Enbridge also announced more oil going via expanded Lakehead to Chicago area.

    Which pipe to BC are you talking about? The NG pipe to Kitimat area is for the LNG export plant. They will also build a pipe to export oil. Neither should effect EPD as they do not do business in Canada and Canada has more oil and NG than we need. We are exporting NG and products too.

    Good luck. ARB

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    • weewillie08 Dec 10, 2012 6:20 AM Flag

      Arb, my post was in response to an article I had read. Check it out and let me know what you think.

      • 1 Reply to weewillie08
      • Thanks for the link. My thoughts are the same. The effect is zero to EPD. Canada needs a place to sell its NG products in particular and they can do it cheaper to China than we can from BC. As to their heavy oil - ditto. It is cheaper to ship from a Pacific port rather than having to go through the Panama Canal. Shorter pipeline run too.

        EPD and the others will have all the oil (mostly NG for EPD) in TX they can use from both Alberta and the various US energy plays. NGLs from PA and lots more closer to home for them. Remember we are currently exporting propane from PA and a LNG terminal is likely in MD. Would think about 5 or 6 LNG terminals before we are done in the US and 2 in Canada.

        As to oil - it is illegal to export oil from the US. Canada can get more $$ from Japan and China. I would guess they can handle the heavy oil Canada will export where our refineries are mostly set up for lighter blends. Understand they will need dilutents (NGLs), but Canada has lots of those too.


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