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OIL: Canada’s Trans Mountain Expects More Interest in Pipeline System

OIL
BulletEnergy BulletsCommodities

Canada’s Trans Mountain Expects More Interest in Pipeline System if US Implements Tariffs: Pipeline & Gas Journal

  • The 890 kb/d pipeline from Alberta to Canada’s Pacific Coast has been operating at 80% of capacity, leaving 20% for spot shipping at higher rates.
  • Exports of crude oil via Trans Mountain represented only 9% of Canada’s total crude exports, but with the US imposing 10% tariffs on Canadian oil imports it has brought attention.
  • Almost all Canadian oil exports, around 4 mb/d, head to the US for refining or for re-export from the USGC to Asia. Deliveries to Asia are likely to increase and deeper discounts for Canadian crude are likely.
  • Exports from Vancouver averaged around 370 kb/d in the last eight months per data from Kpler. About 51% went to Asia, primarily China, in 2024, while the rest went to the US.
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Canada’s Trans Mountain Expects More Interest in Pipeline System if US Implements Tariffs: Pipeline & Gas Journal

  • The 890 kb/d pipeline from Alberta to Canada’s Pacific Coast has been operating at 80% of capacity, leaving 20% for spot shipping at higher rates.
  • Exports of crude oil via Trans Mountain represented only 9% of Canada’s total crude exports, but with the US imposing 10% tariffs on Canadian oil imports it has brought attention.
  • Almost all Canadian oil exports, around 4 mb/d, head to the US for refining or for re-export from the USGC to Asia. Deliveries to Asia are likely to increase and deeper discounts for Canadian crude are likely.
  • Exports from Vancouver averaged around 370 kb/d in the last eight months per data from Kpler. About 51% went to Asia, primarily China, in 2024, while the rest went to the US.