TransCanada Corp. (TRP) has won federal approval to build the southernmost section of the massive pipeline it plans to bring crude oil from Oklahoma to the Gulf Coast, the company said Wednesday.
TransCanada received a permit from the Army Corps of Engineers's Galveston district to build the 117-mile stretch of its Gulf Coast Project pipeline ending at the Gulf Coast city of Nederland, Texas.
The Calgary-based company needs permits from two other Corps districts before it can start constructing the 700,000 barrel-a-day pipeline to supply crude oil from the oil storage hub of Cushing, Okla., to Gulf Coast refiners.
TransCanada expects to receive a permit from the Corps' Fort Worth district Thursday, which would allow it to build a stretch of pipeline east of Dallas, company spokesman Michael Barnes said.
TransCanada expects to begin construction of the Gulf Coast Project later this summer. The company is still waiting for federal approval to build a cross-border Keystone pipeline expansion that would bring heavy crude oil from west Canada to Cushing.
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