CALGARY – The chief executive of South Bow Corp., Bevin Wirzba, emphasizes the importance of spreading out risk among partners and customers as the company considers a new pipeline project that would connect Alberta with the United States. This strategy is informed by lessons learned from South Bow's previous attempt to expand its cross-border pipeline system with the now-defunct Keystone XL.

The Calgary-based South Bow Corp., which was previously a part of TC Energy Corp., has initiated discussions to gauge customer interest in its Prairie Connector proposal. This new pipeline would originate in Hardisty, Alberta, transporting oilsands crude to various destinations across the U.S.

Currently, the existing Keystone pipeline system also begins in Hardisty and transports crude oil to refineries located in the U.S. Midwest and the Gulf Coast. Notably, there remains unused pipeline infrastructure already installed in Canada that was intended for the Keystone XL expansion, which was halted five years ago. The relevant permits for this segment are still in place.

Wirzba asserts that South Bow believes its Prairie Connector will effectively compete with a similar cross-border pipeline project proposed by Enbridge Inc. Moreover, it aims to contend with the potential influx of Venezuelan oil supplies expected to enter the U.S. Gulf Coast market.

This information was initially reported on March 6, 2026.

Companies mentioned in this report include South Bow Corp. (TSX:SOBO) and TC Energy Corp. (TSX:TRP).