Canadian energy company TransCanada has received approval from the Nebraska Public Service Commission (PSC) to take up an alternative route for the proposed Keystone XL pipeline project through the state.
The company noted that it is currently reviewing the PSC’s decision.
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As a proposed 36-inch diameter crude oil pipeline between Hardisty, Alberta and Steele City, Nebraska, the Keystone XL project is aimed at delivering crude oil to markets in the US.
TransCanada president and CEO Russ Girling said: “As a result of today’s decision, we will conduct a careful review of the Public Service Commission’s ruling while assessing how the decision would impact the cost and schedule of the project.”
The company is also planning to proceed with the advancement of its $24bn near-term capital programme.
Through the implementation of the pipeline, the company aims to reduce greenhouse gas emissions by around 19 million metric tonnes.
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By GlobalDataThe latest development follows just days after the company shut down its Keystone pipeline in the wake of a drop in pressure in its operating system following an oil leak.
The incident is currently under investigation.
Offering gas storage and related services in North America, TransCanada operates a network of more than 91,500km of natural gas pipelines and 4,800km of liquids pipeline systems.
In October this year, the company revealed its decision to call off the development of its proposed Energy East Pipeline and Eastern Mainline projects.
