Trans Mountain's Expanded Oil Pipeline to Start Operations on May 1st

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Trans Mountain's Expanded Oil Pipeline to Start Operations on May 1st
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The expanded Trans Mountain oil pipeline will start operations on the first of May, bringing some much-needed pipeline capacity to Canada.

After a series of delays, cost overruns, and legal challenges, the expanded Trans Mountain oil pipeline will open for business on May 1, the same-name state-owned company said this week. Trans Mountain has yet to obtain some approvals from the Canadian Energy Regulator, the company said. The expansion project sought to boost the capacity of the Trans Mountain pipe to 890,000 bpd. Oil producers welcomed the plan as they were expanding their output while markets for it remained limited to the U.S.

The radical difference in positions among interested parties almost pushed Alberta and British Columbia into a trade war at one point and ended up forcing Kinder Morgan, the original owner of the pipeline, to quit and sell it to the Canadian federal government. Notorious for its antagonistic stance on oil and gas, the government nevertheless recognized the need for more pipeline capacity and took it upon itself to make the expansion project work.

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OilandEnergy /  🏆 34. in UK

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