Trans Mountain Pipeline Expansion Update

Builders of Canada's Trans Mountain Pipeline expansion are making significant progress towards completing the project within the first half of the year. Despite encountering some challenges with the original path, the project remains on track, with preparations underway to resume work on the final leg of the oil pipeline.

Preparations for New Pullback

Trans Mountain Corp. announced that they have successfully removed a section of pipe from the originally planned path and are currently engaged in preparatory work for the new pullback. Tasks such as coating and welding of pipes are being carried out to ensure the smooth progress of the project.

Anticipated In-Service Date

The company remains focused on achieving an anticipated in-service date in the second quarter of 2024, reaffirming their commitment to meeting the project timelines.

Capacity Boost and Access to Overseas Markets

The expansion of the Trans Mountain Pipeline will significantly increase its capacity from 300,000 b/d to 890,000 b/d, providing crucial access to Pacific Coast terminals for overseas exports of Canadian oil. This development is expected to enhance the ability to ship crude to West Coast refineries and customers in Asia, consequently improving the price of Canadian crude in the market.

Completion Status and Future Plans

Trans Mountain has reported that the expansion project is nearing completion, with approximately 98% of the work finished. Despite encountering a delay in line fill operations scheduled for April, the government-owned company is determined to overcome any obstacles and successfully finalize the project.

Reporting by Steve Cronin

Editing by Michael Kelly