Free Trial

Trans Mountain Pipeline To Be Fully Operational Early 2024

ENERGY SECURITY

Reuters, citing MEG Energy, has reported that the Canadian Trans Mountain oil pipeline is expected to start filling with oil in late 2023 and become fully operational by early 2024.

  • Successful completion of the project will be a significant boost to Canadian oil exporters and nearly triple the pipeline capacity from Alberta to the Pacific Coast from 300,000 bpd to nearly 900,000 bpd.
  • The Trans Mountain pipeline expansion stalled last year when Finance Minister Chrystia Freeland announced that the Federal government was withdrawing from the project due to cost overrun.
  • Freeland said in February, 2022: "I want to assure Canadians that there will be no additional public money invested in TMC."

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.