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Keystone XL operator reassessing interest of US producers

Keystone XL operator reassessing interest of US producers

BISMARCK, N.D. (AP) _ TransCanada Corp. is reassessing whether oil producers in North Dakota and Montana are still interested in shipping crude through its long-delayed Keystone XL pipeline now that they have other new options to ship their product, including the Dakota Access pipeline.

The Calgary-based company’s announcement this month comes with the Keystone XL still needing approval of its proposed route through Nebraska. The Dakota Access, which was designed to transport about half of North Dakota’s oil production to a shipping point in Illinois, is expected to be fully operational by June.

TransCanada spokesman Matthew John says the company plans to re-engage with prospective shippers “because of a lot of changes in the oil market.”

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