Kinder Morgan Inc (KMI), TransCanada Corporation (USA) (TRP): 2 Important Updates in the Pipeline Industry

Enbridge Inc (USA) (NYSE:ENB) officials took the British Columbia statement in stride; they have been more than aware of what they are up against for quite some time, and plan to meet with the B.C. government to discuss its concerns for the $6.6 billion project. (Remember when it only cost $5.5 billion? Those were the days.)

The line is slated to receive, or not receive, National Energy Board approval next year. The review process will continue, and though the statement by British Columbia makes things tougher, there is still a chance the project will get approved anyway.

What will be especially interesting is what happens with the Keystone XL. TransCanada Corporation (USA) (NYSE:TRP) is expecting to hear a decision by mid-summer, according to Bloomberg News. If it is blocked, Canada’s oil industry will grow increasingly desperate to get a project passed. Kinder Morgan Inc (NYSE:KMI)’s Trans Mountain expansion could be affected as well.

Bottom line
The next two years will likely see significant changes in the pipeline industry, in turn affecting both the oil production and refining industries. It behooves investors to pay attention now, as patterns of change and their implications slowly make their way to the surface.

The article 2 Important Updates in the Pipeline Industry originally appeared on Fool.com and is written by Aimee Duffy.

Fool contributor Aimee Duffy has no position in any stocks mentioned. If you have the energy, follow Aimee on Twitter, where she goes by @TMFDuffy. The Motley Fool recommends Kinder Morgan Inc (NYSE:KMI). The Motley Fool owns shares of Kinder Morgan.

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