Trans Mountain pipeline expansion leads to competing pipelines reducing heavy crude transport rates.

The Trans Mountain pipeline expansion has prompted competing Canadian pipelines to reduce transport rates for heavy crude, temporarily lowering costs for shipments to the U.S. Midwest and Gulf Coast. The expanded pipeline, which became operational in May with a capacity of 890,000 barrels per day, is expected to shift crude trade flows and increase supply, benefiting Canadian producers as they ramp up output. Enbridge has also cut tariffs to remain competitive.

September 03, 2024
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