Pipeline company TransCanada said Thursday that commercial commitments for about 60 percent of the capacity for its Keystone XL pipeline is enough to proceed. The company said it concluded the open season for commercial commitments to fill the Keystone XL pipeline. With 500,000 barrels per day in firm commitments for the next 20 years, TransCanada said the proposed project was positioned to proceed. “Interest in the project remains strong and TransCanada will look to continue to secure additional long-term contracted volumes,” the company stated. The announcement on commercial commitments is unchanged from a third quarter update. The 20-year commitments represent about 60 percent of the total design capacity. Referencing long-standing concerns about the Sandhills region in […]