Keystone XL customers could seek other options if approval is delayed

11/8/2011 | Nasdaq.com

TransCanada's proposed Keystone XL pipeline would lose potential customers if the U.S. government further delays its approval for the project, said Russ Girling, president and CEO of the company. "Right now refiners that need this crude oil have contracts that expire in 2012 and 2013 on the supply that they are getting from Venezuela. If they don't get the oil from Canada during that time frame they're going to have to look elsewhere for their supply," he said.

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