Keystone XL still ahead of rivals: TransCanada CEO

CALGARY, Alberta (Reuters) – TransCanada Corp still has a big advantage in the race to supply U.S. oil markets with Canadian supplies, despite a year’s delay to its $7 billion Keystone XL project, because of the preparation already done, Chief Executive Russ Girling said on Thursday. The company’s customers have shown they believe the controversial pipeline is still the best option for expanding Canadian oil sands and North Dakota shale oil production by signing up for more capacity and backing an extension of the line in Texas, Girling told Reuters in an interview. …