TC Energy Corporation has launched an open season to solicit binding commitments for crude oil transportation services on the Keystone Pipeline System from Hardisty in Alberta to Patoka in Illinois. Interested parties may submit binding bids for transportation capacity during the open season that will on February 19, 2021.
The Keystone Pipeline System is an oil pipeline system in Canada and the United States, commissioned in 2010 and owned by TC Energy and the Government of Alberta. It runs from the Western Canadian Sedimentary Basin in Alberta to refineries in Illinois and Texas, and also to oil tank farms and an oil pipeline distribution center in Cushing in Oklahoma. The proposed Keystone XL Pipeline Phase IV would connect the Phase I-pipeline terminals in Hardisty in Alberta and Steele City in Nebraska, by a shorter route and a larger-diameter pipe. It would run through Baker, Montana, where American-produced light crude oil from the Williston Basin of Montana and North Dakota would be added to the Keystone's throughput of synthetic crude oil and diluted bitumen from the oil sands of Canada.