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Canada's TMX Pipeline in Service Within 3 Months: Trans Mountain Exec

OIL

Canada’s TMX pipeline is on track to be in service within three months Trans Mountain's chief financial and strategy officer Mark Maki told S&P Global’s CERAWeek.

  • Trans Mountain in late February made a call for a combined 4.2mn bl of crude from shippers starting in April as it prepares to fill the new pipeline.
  • The Trans Mountain Pipeline Expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later according to Danielle Smith, the Premier of Alberta on Tuesday.
  • The Canada Energy Regulator said Tuesday it ordered Trans Mountain Expansion Pipeline to stop work on part of its expansion project. It came after it found contractors working without authorization near active bird nesting sites – construction is stopped until an investigation is completed.
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