|TransCanada PipeLines Ltd. has notified the National Energy Board that it is withdrawing its applications for regulatory approval for the Energy East and related Eastern Mainline pipeline projects. The NEB has now closed its files on the applications.
The project applications were submitted to the NEB in October 2014. The proposed project involved a 4,500 km pipeline that would have transported crude oil from Alberta and Saskatchewan to refineries in Eastern Canada and a marine terminal in New Brunswick. The plan required the use of 3,000 km of existing natural gas pipeline and 1,500 km of new pipeline. It appears that the project economics have changed since the project applications were made such that the applicant was no longer willing to make the required investment to construct the pipeline.
More information about the project proposal can be found at: www.energyeastpipeline.com