TC Energy Corp. will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval, the company said on its website. The restart will take several days.
(Bloomberg) — TC Energy Corp. will begin the process of restarting the segment of its Keystone pipeline that goes to crude storage hub Cushing, Oklahoma, after receiving regulatory approval, the company said on its website. The restart will take several days.
TC Energy has been targeting a full return of the pipeline system on Dec. 28 or 29, according to people familiar with the matter.
The shutdown of the pipeline that carries heavy crude from Western Canada to the US Midwest has roiled oil markets, limiting supplies to the storage hub at Cushing, Oklahoma, which is the delivery point for the US benchmark.
RELATED: Keystone Leaks More Oil Than Any Other Line in US Since 2010
One leg of the conduit — running from Hardisty, Alberta, to Patoka, Illinois — restarted operations at reduced flows last week, while the ruptured segment — extending from Steele City to Cushing — remains shut. TC Energy’s Marketlink pipeline connecting Cushing to the US Gulf Coast is also running at reduced rates.
–With assistance from Ari Natter.
(Adds timing in first graf, details on line in third and fourth)
More stories like this are available on bloomberg.com
©2022 Bloomberg L.P.
