TransCanada: eastern oil pipeline proposal technically, economically feasible

CALGARY – An early-stage proposal to ship as many as one million barrels a day of western crude to eastern refineries seems to be gaining traction, executives with pipeline giant TransCanada Corp. said Tuesday.

In recent months, the Calgary-based company has been floating the idea of converting part of its natural gas mainline — the eastbound main artery for natural gas out of Alberta — partly to oil service to serve refineries in eastern Canada and the U.S. Eastern Seaboard that currently rely on pricey crude from overseas.

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