The US Department of State has signed and issued a presidential permit to construct the Keystone XL Pipeline.
The project represents an investment of more than $15 billion in liquids and natural gas projects that will create thousands of jobs and will create economic benefits across the US.
TransCanada will continue to engage key stakeholders and neighbours throughout Nebraska, Montana and South Dakota to obtain the necessary permits and approvals to advance the project.
The company has confirmed that it has discontinued its claim under Chapter 11 of the North American Free Trade Agreement and will end its US Constitutional challenge.
Russ Girling, TransCanada's president and CEO, says: 'This is a significant milestone for the Keystone XL project.
'We greatly appreciate President Trump's administration for reviewing and approving this important initiative and we look forward to working with them as we continue to invest in and strengthen North America's energy infrastructure.'
Transforming the energy sectorSpearheading the UAE's new gas chapter IMO sulphur fuel cap: what now? An international concept in a captive market South Africa's newest energy asset Africa breathes a sigh of relief Achieving better risk prevention in Chinese terminals One gauge, double the protection Tank jacking: reviving an ageing asset Digitalisation: future-proofing terminal operations