shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline.South Bow’s assets consist of nearly 4,900 kilometres of liquids pipelines that connect oil supply in Alberta and parts of the United States to refining markets in Illinois, Oklahoma and Texas.
The new company will carry a high debt load of $7.9-billion due to TC and faces competition from other pipeline companies looking to expand shipments to the U.S. Gulf Coast market. However South Bow will benefit from long-term shipping contracts covering 94 per cent of capacity on Keystone, providing guaranteed revenues.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
South Korea, UAE summit to focus on defence, energy and investmentExplore stories from Atlantic Canada.
Weiterlesen »
South Korea, UAE summit to focus on defence, energy and investmentExplore stories from Atlantic Canada.
Weiterlesen »