TransCanada Corp. recently launched a binding open season to obtain firm commitments from interested parties for the Cushing Marketlink Project, which would provide crude oil transportation service from Cushing, OK to the U.S. Gulf Coast.
The project would involve construction of US$70 million of facilities at Cushing, OK. The project would provide oil transportation service from Cushing to a delivery point near existing terminals in Nederland, TX using pipeline facilities that form part of TransCanada’s proposed Keystone Gulf Coast Expansion Project.
Following the completion of a successful open season, TransCanada intends to proceed with the necessary regulatory applications for approvals to construct and operate the required facilities and to provide transportation services. The Cushing Marketlink Project is expected to commence providing service in early 2013.
During the binding open season, which expires at noon on Nov. 10, 2010, interested parties may submit binding bids for transportation capacity of crude oil from Cushing, OK to Nederland, TX. Parties may contact David Diakow at 403-920-6019 or Ed Scheibelhut at 403-920-2746 for more information.