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(Reuters) – Alberta and Ontario on Monday proposed a new 2,050-mile (3,300-km) crude oil pipeline between the two Canadian provinces that they said would initially move 500,000 barrels per day and reduce reliance on foreign markets. * The proposed pipeline would run from Hardisty, Alberta, to refineries in Sarnia, Ontario, and could eventually move 800,000 bpd, the provinces said in a release.
- The two provinces said a feasibility study should be ready by the end of the year but made no mention of who would build the pipeline. Such projects usually require a private proponent.
- Ontario also said it was exploring pipeline extensions to new and existing ports.
- Canada last week announced plans to build a new 1-million-bpd oil pipeline from Alberta to the Pacific coast. No cost estimates have been released for the pipeline, which will be built by government-owned Trans Mountain Corp in coordination with Pembina Pipeline Corp.
Reporting by David Ljunggren; Editing by Nia Williams
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