Free Trial

Trans Mountain Pipeline Resumes Work

OIL

Works to expand the Trans Mountain Pipeline project are allowed to restart Nov. 14, according to Reuters.

  • Works had been paused after corrective issues in a wetland area had been raised by the Canada Energy Regulator.
  • The expansion of the pipeline has been hindered by a number of delays but is targeting completion in 2024.
  • When complete, capacity will be boosted to 890k b/d, up from 300k b/d currently.
  • This will increase the supply of Canadian crudes to the Pacific, boosting its potential buyers and expected to narrow its discounts to WTI.

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.