- The Energy Mix - https://theenergymix.com -

Pipeline Companies Plan Alternative Routes as Keystone Cost Increases 50%

The cost of the Keystone XL pipeline has increased by half, from $5.4 to $8 billion, in the six years since the project first entered the U.S. regulatory process.

TransCanada Corp. had spent $2.4 billion on the proposed 830,000-barrel-per-day pipeline as of September 30.

Like this story? Subscribe to The Energy Mix and never miss an edition of our free e-digest.

“The opportunities for Keystone appear to be diminishing as oil producers find oil-by-rail or other alternative routes to market,” Canadian Press reports.