In a move with considerable significance for Alberta’s oil sands industry, TransCanada announced in a recent press release that it has filed a formal regulatory application with the National Energy Board of Canada (NEB) for its Energy East Pipeline project. The pipeline project is described as nation-building infrastructure and, if approved, would carry over a million barrels a day of bitumen from the oil sands to refineries and terminals in Quebec and Newfoundland.
Oil sands producers in recent years have expressed concern about the lack of adequate pipelines to move production from facilities in northern Alberta, a factor affecting the viability of projects in the region. The Energy East pipeline would help to alleviate the bottleneck and provide economic benefits to industry and communities along its route and beyond. The filing of the NEB application is an important step toward realizing the project.