Project UpdateMay 29, 2026, 07:31 AM
South Bow Secures 20-Year Commitments for Prairie Connector Project
AI Summary
South Bow Corp. announced the successful outcome of its open season for the proposed Prairie Connector project, securing 20-year binding commitments for firm transportation service. This marks a critical milestone for the project, which aims to provide market access for Western Canadian crude oil to U.S. refining markets. The company plans to advance the project towards a final investment decision (FID) targeted for mid-2027, contingent on securing permits, finalizing costs, and obtaining financing.
Key Highlights
- South Bow successfully closed its open season for the Prairie Connector project on March 30, 2026.
- The company secured 20-year binding commitments for firm transportation service from Hardisty, Alta., to U.S. delivery points.
- South Bow is targeting a final investment decision (FID) for the Prairie Connector project by mid-2027.
- The project involves constructing approximately 380 kilometers of new 36-inch pipeline and leveraging 150 kilometers of existing 36-inch pipeline.
- Next steps include acquiring remaining permits, finalizing cost estimates, engaging stakeholders, and securing financing.
- More details on pre-FID activities and spending will be provided in the second-quarter 2026 disclosures.
Price Impact
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