October 2014, Vol. 241, No. 10

Projects

GlobalData: U.S. Pipeline Startups In Q3 2014 Will Ease Crude Prices/Displace Imports

The Flanagan South and Seaway Twin Pipeline startups will soon begin transporting incremental volumes of heavy sour and light sweet crude oil to Gulf Coast refineries, putting downward pressure on U.S. crude prices and displacing imports, said an analyst with research and consulting firm GlobalData. Carmine Rositano, GlobalData’s managing analyst covering Downstream Oil & Gas, said Enbridge is near completion of its $2.6 billion Flanagan South Pipeline which will connect to its main Canadian export pipeline in Illinois and move 600,000 bpd of Canadian and North Dakota crude oil from Illinois to Cushing, OK. Rositano said: “The Flanagan South Pipeline is designe

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