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|    Message 88,852 of 90,757    |
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|    Oil pipeline companies will be moving fa    |
|    03 Nov 14 15:24:50    |
      XPost: can.politics, ab.politics, mtl.general       From: Panca@nyet.ca              To beat the next federal election date. Because they know the Harper Cons are       their best chance to get their pipelines through areas where they're not       wanted.       BC already knows this. Ontario and Quebec should stay on alert and be ready to       block them in every way possible.       __________________________________       Financial Post - October 31, 2014                     Energy East will have ‘negative’ impact on natural gas consumers in       Ontario and       Quebec, says Union Gas                     Union Gas said Friday it’s disappointed with TransCanada Corp.’s decision       to       submit its Energy East application with the National Energy Board (NEB) without       resolving its concerns with its natural gas customers.              The Chatham-Kent, Ont.-based natural gas distribution company said it       “remains       concerned” that TransCanada’s 1.1-million bpd crude oil pipeline project,       filed       yesterday, “will have significant and negative impacts on natural gas       consumers       in Ontario and Québec.”              TransCanada has proposed converting an existing natural gas pipeline for crude       oil to link Alberta producers to eastern refineries and export markets. But the       company ran afoul of its natural gas customers who believe they would be robbed       of capacity at a time of rising demand, while raising costs for customers.              As an overture, TransCanada filed a separate application with the NEB alongside       its Energy East submission to build a $1.5-billion Eastern Mainline Pipeline       Project in southern Ontario, which will supply 600 million cubic feet per day       of natural gas to its key eastern markets. The company said the project would       result in savings of nearly a billion dollars for its natural gas shippers.              TransCanada CEO Russ Girling told the Financial Post Thursday he believed the       company had resolved the issue with natural gas customers.              “We believe that we have solved the issue, both capacity and in ensuring that       there is no adverse impact on cost with $950 million of savings,” the CEO       said       on the sidelines of the company’s press conference in Toronto. “We will       continue discussions with them for any concerns that they might have.”              Mr. Girling said that the company determined 600-mcf per day figure after an       open season.              “We have other events that will occur over the coming months which include       the       contracting on our export side of our business which may continue to decline.       They they may have other requirements they want us to consider, so those       conversations are ongoing. Our intent is to ensure those folks that need gas in       domestic market in Quebec and Ontario have it before we transfer the capacity       out of service.”              But Union Gas, which is owned by New York-listed Spectra Energy, says       TransCanada has “consistently underestimated market demand and as a result       have       understated the size and cost of the new replacement gas line.”              “Further, the proposal seeks to have eastern gas consumers bear the capital       cost risk related to the construction of the new replacement line,” the       company       said in a statement.              Union Gas says that while it is supportive of the concept of the Energy East       pipeline, there is “no reason or logic for 3.6 million natural gas customers       –       which include schools, hospitals, homes and industries – to be treated       unfairly.”              TransCanada “should build a new oil line from North Bay east and leave the       existing and fully-used gas pipeline in place to serve existing natural gas       consumers as it has for many years.”              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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