Free Trial

TMX To Finish Final Segment of Expansion in April

OIL

Trans Mountain will finish building the final segment of the Canadian pipeline in April, according to Reuters.

  • When complete, this will triple capacity to 890k b/d.
  • Spread 5-B is the last segment to complete with construction and testing finishing this month, Reuters said.
  • TMX started filling its expanded pipeline in a staged process from last month, although still faced some technical challenges.
  • The pipeline is expected to be fully online from Q2 and will boost prices for Canadian crudes.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.