The Traderszone Network

Published in TZ Latest News 3 November, 2015 by The TZ Newswire Staff

As Keystone struggles, TransCanada pushes new Energy East terminal

TransCanada Corp (TRP.TO) is pushing ahead to develop Energy East, an all-Canadian alternative pipeline project to its struggling U.S. Keystone XL pipeline, and will soon reveal the location of a new export terminal. TransCanada’s chief executive officer said the company was preparing to work with Canada’s new Liberal government on Energy East as it reviews the country’s regulatory regime. The comments came a day after TransCanada asked the U.S. government to delay its decision on the controversial Keystone project, a move seen pre-empting a possible rejection by U.S. President Barack Obama.