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Canada’s South Bow will decide whether to proceed with its proposed partial revival of the Keystone XL oil pipeline by mid-2027, the company said on Friday, as it announced it has secured the shipper commitments it was seeking<\/a> \u200bto advance the project. <\/p>\n The proposed 550,000-barrel-per-day Alberta-to-Wyoming pipeline, dubbed \u200bPrairie Connector, could increase Canada’s crude exports to the U.S. by 12 per cent, adding much-needed Canadian pipeline capacity.<\/p>\n South Bow, working with U.S. partner Bridger Pipeline \u200bon the proposal, said it has secured 20-year binding contracts from oil companies \u2060through a process launched \u2060this year to gauge commercial interest. <\/p>\n Reuters reported \u200cthis month that South Bow was close to reaching its goal of securing 450,000 barrels per day, or 80 per cent of initial pipeline capacity, citing sources.<\/p>\n Pipeline partly assembled in Canada<\/p>\n South Bow spun off from former Keystone XL proponent TC Energy in 2024 \u2060to take over its oil pipeline business.<\/p>\n While the new pipeline does not follow the same U.S. route as an earlier project that was cancelled in 2021<\/a> when former president Joe Biden \u200crevoked its permit, it would use some of the already-assembled Keystone XL pipe on the Canadian side of the border.<\/p>\n