Irving Oil and TransCanada will form a joint venture to develop and construct the new Canaport Energy East Marine Terminal at Irving Canaport in Saint John. Proposed $300M marine terminal represents first major regional investment
directly linked to the Energy East Pipeline Project. The news came following TransCanada's announcement to proceed with the development of the Energy East Pipeline that will transport western Canadian crude oil to Montreal, Quebec City and Saint John. The proposed $300 million marine terminal adds to the significant infrastructure investment Irving Oil has made in the Canaport facility over the past several decades.