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TMX To Finish Final Segment of Expansion in April

OIL
Energy BulletsHomepageBulletCommoditiesCanada Bank of Canada Market News

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.
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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.