Houston Lateral and Terminal
Construction continues on the 77 km (48 mile), 36-inch-diameter, Houston Lateral pipeline and Tank Terminal which will extend the Keystone Pipeline System to refineries in Houston, Texas. The terminal is expected to have initial storage capacity for 700,000 barrels of crude oil. The pipeline and terminal are expected to be completed in fourth quarter 2015.
On April 14, 2015, TransCanada and Magellan Midstream Partners L.P. (Magellan) announced a joint development agreement to connect our Houston Terminal to Magellan's East Houston Terminal. TransCanada will own 50 per cent of the US$50 million pipeline project which will enhance connections to the Houston market for the Keystone Pipeline System. Subject to definitive agreements and receipt of necessary permits and approvals, the pipeline is expected to be operational in late 2016.
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