Trans Mountain Corp. has restarted its pipeline expansion work near Abbotsford after addressing all non-compliance issues identified by the Canada Energy Regulator in the wetlands region. The project, which was temporarily halted earlier this month due to environmental and safety concerns, is now nearing completion, with 95% of the work already done and manual completion anticipated within this year.
The resumed work on the pipeline is a critical step towards boosting Canadian oil export capacity. By the first quarter of 2024, the operational pipeline is expected to increase its capacity by an additional 300,000 barrels per day (b/d), bringing the total to 890,000 b/d. This expansion will significantly enhance Canada's ability to export oil overseas.
In preparation for the operational phase, approximately 50,000 b/d of heavy sour will be needed for line fill requirements. Analysts predict that the impact of the project on oil markets will become evident in late 2023 as it reaches its final stages of completion. The Trans Mountain expansion is a key infrastructure development aimed at meeting growing energy demands and providing economic benefits through increased access to international markets.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.