{"id":519861,"date":"2026-03-07T06:55:28","date_gmt":"2026-03-07T06:55:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/519861\/"},"modified":"2026-03-07T06:55:28","modified_gmt":"2026-03-07T06:55:28","slug":"south-bow-moves-to-revive-parts-of-keystone-xl-with-binding-shipper-commitments","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/519861\/","title":{"rendered":"South Bow moves to revive parts of Keystone XL with binding shipper commitments"},"content":{"rendered":"

\"\"\/
\nCanadian pipeline operator South Bow said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada\u2019s crude exports to the United States by more than 12%.<\/p>\n

The open season, which runs until March 30, would solicit transportation commitments from Hardisty, Alberta, to U.S. delivery points. South Bow will then conduct a 60-day review of the results before deciding on next steps.<\/p>\n

The project would require an approval from the Trump administration. Additional pipeline links to U.S. refining hubs would need to be constructed if approval is granted.<\/p>\n

South Bow took over the Keystone XL pipeline following its spin-off from TC Energy<\/a>.<\/p>\n

The pipeline was canceled in 2021 by then-President Joe Biden. The Canadian portion of the line is already built and holds all necessary Canadian regulatory permits.<\/p>\n

Shares of South Bow fell nearly 1% in after-hours trading.<\/p>\n

Separately, the company reported a decline in fourth-quarter adjusted core profit, weighed by lower throughput volumes on its operating Keystone Pipeline and the U.S. Gulf Coast segment of the Keystone Pipeline System.<\/p>\n

The company\u2019s throughput from the Keystone Pipeline came in at 594,000 barrels per day (bpd) for the quarter ended December 31, compared with 621,000 bpd a year earlier.<\/p>\n

Throughput on the U.S. Gulf Coast segment was 680,000 bpd, compared with 784,000 bpd a year earlier.<\/p>\n

(Reporting by Pranav Mathur in Bengaluru; Editing by Tasim Zahid)<\/p>\n","protected":false},"excerpt":{"rendered":"Canadian pipeline operator South Bow said on Thursday it has launched a formal open season seeking binding long-term…\n","protected":false},"author":2,"featured_media":519862,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[49,48,295,66],"class_list":{"0":"post-519861","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-ca","9":"tag-canada","10":"tag-environment","11":"tag-science"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/519861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=519861"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/519861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/519862"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=519861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=519861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=519861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}