Trans Mountain Pipeline Expansion Nears Completion, Secures First Sale to China's Sinochem
The final leg of the 715-mile project is underway, with the pipeline set to boost Canadian oil exports significantly.
- The startup date for the Trans Mountain Pipeline expansion, spanning 715 miles, is anticipated within weeks as the final 1.6-mile stretch through British Columbia's Fraser Valley nears completion.
- China's Sinochem Group has purchased a 550,000-barrel crude cargo from Suncor Energy, marking one of the first shipments through the new pipeline, set to load in May-June.
- The Trans Mountain expansion, a project spearheaded by Prime Minister Justin Trudeau's government, aims to increase the supply of western Canadian oil for export by about 500,000 barrels a day by the end of next year.
- The project's costs have surged to almost C$34 billion ($25 billion), with full capacity expected in 2025.
- The expansion is designed to nearly triple the pipeline's capacity, facilitating Canadian oil exports to Asia and the US West Coast and diversifying its market beyond mainly US Midwest refiners.