TransCanada last year said it was moving ahead with its Energy East pipeline designed to carry 1.1 million barrels of oil per day from Alberta and Saskatchewan to eastern Canadian refineries.
Canadian Natural Resources Minister Joe Oliver said the project would help offset the estimated 700,000 bpd imported for eastern refineries from overseas markets.
Nova Scotia Natural Resources Minister Andrew Younger told the Platts energy news website from Calgary his province made more sense as a terminal point than neighboring New Brunswick.
"Port of Hawkesbury [in Nova Scotia] could be an option," he said in an interview published Monday. "It is the closest port in North America for exports to Asia, particularly India, and Europe."
Canadian Prime Minister Stephen Harper has prioritized export diversity for an economy that sends nearly all of its oil to the United States.
"TransCanada has indicated they are interested, but customer interest will dictate a final decision," Younger said.
The project involves converting part of a natural gas pipeline to handle oil deliveries.