Trans Mountain Pipeline Update - Dec 9

[dan_s]

Read details: https://www.eia.gov/petroleum/weekly/archive/2023/231206/includes/analysis_print.php

Per EIA:
Canada’s Trans Mountain Pipeline expansion may come on line early next year
Work on Canada’s Trans Mountain Pipeline expansion project is reportedly over 95% complete, and project officials expect construction to conclude early next year. When it comes onstream, the expansion is expected to nearly triple the pipeline’s current 300,000 barrels per day (b/d) capacity to move crude oil from oil sands in landlocked Alberta to the Pacific Coast for export to new customers in Asia or along the U.S. West Coast.

The existing Trans Mountain Pipeline currently offers one avenue for waterborne crude oil exports out of Canada by moving crude oil from Edmonton in Alberta to Burnaby, a port near Vancouver on the coast of British Columbia (Figure 1). The expansion project aims to increase the pipeline’s current capacity by 590,000 b/d for a total of 890,000 b/d of capacity.
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This will help all of our Canadian companies get higher realized prices for their crude oil, especially Hemisphere Energy, which Don Simmons pointed out at yesterday's luncheon.