Commodities
Trans Mountain Eyes Pipeline Capacity Increase by Early 2027
Storage tanks at the Burnaby Terminal, the end point of the Trans Mountain Pipeline System in Burnaby, British Columbia, Canada.
Photographer: James MacDonald/BloombergThe Trans Mountain pipeline could handle an additional 75,000 barrels of crude a day by early 2027, the government-owned company’s top executive said, potentially helping Canadian oil producers expand shipments to non-US markets.
Chemicals that make crude flow more easily through the line could be used in less than two years as a first stage of the capacity increase, Trans Mountain CEO Mark Maki told reporters at a conference in Calgary. After that, increased pumping power could boost flows to about 1.14 million barrels a day, but that would require dredging the nearby waterway to allow tankers to carry more oil.