Kinder slows Canadian plans
Calgary Herald
May 26, 2010
Pipelines - Kinder Morgan Energy Partners has slowed multibillion-dollar plans to add oil pipeline capacity to Canada's West Coast due to a lack of demand, but still believes its proposal is the oilsands industry's best option, its president said Tuesday.
Kinder Morgan and Enbridge Inc. have both floated projects to move crude from Alberta's oilsands to the Pacific Coast, where it could be shipped by tanker to Asia.
Kinder Morgan's long-term plans call for a $7.7-billion expansion of its Trans Mountain pipeline in four phases, but the timing has become uncertain.
"Right now, we don't think the customers need it," Kinder Morgan president Park Shaper said in Houston.
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