Energy East Project
There exists an infrastructure challenge where eastern Canadian refineries rely on imported foreign crude oil due to the inaccessibility of western Canadian crude oil.
Ironically, western Canadian and mid-Canadian crude oil can not realize its full market value due to lack of infrastructure to transport it to refineries.
TransCanada Corp. has proposed to connect this stranded crude oil to eastern refineries in a project that will add $35.3 billion in GDP, an economic benefit to the entire country.
This proposal includes extending existing pipelines from Alberta to New Brunswick; marine terminals in Quebec and Saint John, NB; refinery upgrades in Quebec and potentially New Brunswick, plus electrical power plants, pumping stations, and storage tanks.
For further information, please see the project websites: www.energyeastpipeline.com