The Globe and Mail reports in its Thursday edition Secure Energy Services is working to open a new outlet for Alberta crude on Canada's East Coast, as big pipelines face mounting opposition in Ontario and Quebec.
The Globe's Jeff Lewis writes construction is poised to start early next year on a rail-loading terminal in Belledune, N.B.
The terminal could export 120,000 barrels a day of crude transported by rail from Western Canada. Canada's oil industry is looking east for new export outlets amid protracted delays building multibillion-dollar pipeline infrastructure to the West Coast and to the United States.
The plans for the Belledune rail facility show Canadian oil producers are seeking alternative ways to reach higher-priced international markets that do not involve lengthy regulatory hearings or major environmental studies.
A Belledune Port Authority official said he aims to close a sale of the coastal plot of land to an affiliate of Secure next month. The project will lead to stronger prices paid for Alberta crude, which has been subjected to discounts because of limited pipeline access. No capital cost has been disclosed, but plans for the rail terminal have been in the works for at least two years.
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