By Nia Williams and Stephanie Kelly CALGARY (Reuters) - Canada's Trans Mountain oil pipeline expansion (TMX), which will nearly triple the flow of ...
By Nia Williams and Stephanie Kelly CALGARY - Canada's Trans Mountain oil pipeline expansion , which will nearly triple the flow of crude from Alberta to Canada's Pacific CoastBy Nia Williams and Stephanie Kelly
"They will be competing for barrels that no longer transit through their region," said a Calgary-based oil trader."The market will have to reshuffle." Pipeline operator Enbridge, which ships the bulk of Canada's 3.8 million bpd of crude exports to the U.S., expects to see flows on its Mainline system drop by up to 300,000 bpd once TMX opens.
"For a decade the U.S. Midwest could count on that kind of blowout every year or two," said Rory Johnston, founder of the Commodity Context newsletter."That's less likely now."
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Canada's Trans Mountain oil pipeline's faces hearing on route change disputeCanadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change request from the Trans Mountain expansion (TMX) project that has sparked Indigenous opposition and may lead to further delays for the key oil pipeline. After years of environmental opposition, regulatory hold-ups and ballooning costs, Canadian government-owned TMX is nearing completion and due to start shipping an extra 590,000 barrels per day of crude from Alberta to Canada's Pacific coast in the first quarter of 2024. Canadian producers are eagerly awaiting the increased export capacity that will open up access to markets in Asia and the U.S. West Coast and help support heavy oil prices.
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Canada's Trans Mountain oil pipeline's faces hearing on route change disputeBy Nia Williams CALGARY, Alberta (Reuters) - Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change ...
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Canada's Trans Mountain oil pipeline's faces hearing on route change disputeBy Nia Williams CALGARY, Alberta (Reuters) - Canadian regulators on Monday kicked off a two-day hearing to weigh up a controversial route change ...
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Two-day hearing begins over route change request from Trans Mountain expansion projectCanadian producers are eagerly awaiting the increased export capacity that will open up access to markets in Asia and the U.S. West Coast and help support heavy oil prices
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Trans-Mountain Pipeline faces hearing over construction around sacred lakeWatch Trans-Mountain Pipeline faces hearing over construction around sacred lake Video Online, on GlobalNews.ca
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Trans Mountain critics say regulatory filings confirm earlier fears about billions in unrecovered costsThe government-owned company has laid out how much it wants to charge its customers to send oil from Edmonton to Burnaby, but it’s getting pushback both from oil companies and from those opposed to the pipeline.
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