A crude oil terminal at Canaport with 18 storage tanks is part of the proposed Energy East pipeline project.
Trans Canada’s President of the Energy East Pipeline Francois Poirier has told Port Days there’s a lot at stake with this project because production in the Alberta oil sands is expected to more than double by 2030 but you need to be able to export that oil to overseas markets.
Poirier says for New Brunswick, 14 hundred jobs will be created during construction and 400 direct jobs after but that doesn’t take into account the economic spinoffs.
He also says Trans Canada wants the pipeline to be extended to Saint John by the end of 2018.
Port President and C-E-O Jim Quinn also announcing 10 thousand dollars will be donated to the PALS program in the city.
