The long-awaited Trans Mountain pipeline expansion is complete and the Canada Energy Regulator has given the go-ahead for the project to open.
The regulator said Tuesday it has approved the last remaining “leave to open” applications submitted by Trans Mountain Corp., the Crown corporation behind the project. Approval of these applications was required before the expanded pipeline could begin shipping oil.
Also on Tuesday, Trans Mountain confirmed that Wednesday, May 1 will mark the commercial start date for the expansion.
However, due to logistics and marine timing, the first transport ship is not expected to load with oil from the new line for export until the middle of May, a Trans Mountain Corp. spokesperson said.
The regulator’s announcement marks the end of a 12-year journey. First proposed in 2012 by Kinder Morgan Canada, the pipeline expansion has been one of the most costly and controversial infrastructure projects in Canadian history.
The project — which was bought by the federal government in 2018 after Kinder Morgan threatened to scuttle the project in the wake of ongoing Indigenous and environmental opposition — twins the existing Trans Mountain oil pipeline system from Alberta to the B.C. coast.
- 0075 Fast Trucking OutlaW Buckers 010075 Fast Trucking OutlaW Buckers 01
- 0074 General Well Servicing Outlaw Buckers0074 General Well Servicing Outlaw Buckers
- 0073 SaskWorks-Pipeline Online0073 SaskWorks-Pipeline Online
- 0072 Outlaw Buckers and Oil Kings 20240072 Outlaw Buckers and Oil Kings 2024
- 0069 Sask Oil Show 2024 banquet tickets0069 Sask Oil Show 2024 banquet tickets
- 0071 Pride Upkeep 2024 Packages0071 Pride Upkeep 2024 Packages
- 0070 Sask Oil Show 2024 pre-register0070 Sask Oil Show 2024 pre-register
- 0068 Sask Oil Show 2024 booth0068 Sask Oil Show 2024 booth
- 0067 PFM SaskWorks Payroll Investment Plan0067 PFM SaskWorks Payroll Investment Plan
- 0066 WBPC Promo video 30 seconds0066 WBPC Promo video 30 seconds
- 0064 Estevan OTS0064 Estevan OTS
- 0063 Turnbull Excavating hiring crusher0063 Turnbull Excavating hiring crusher
- 0062 TED_EPAC_Technology_300062 TED_EPAC_Technology_30
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0058 Royal Helium Steveville opens anonymous rocket0058 Royal Helium Steveville opens anonymous rocket
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0052 Predator Inspections0052 Predator Inspections
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0015 Latus Viro0015 Latus Viro
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001
It increases the system’s shipping capacity from 300,000 barrels per day to 890,00 barrels per day, and will help open up global export markets for Canadian oil. That in turn is expected to help improve the price Canadian oil companies receive for their product.
But the pipeline’s construction was marred by delays and cost overruns, ultimately taking four years to build and racking up a total cost of more than $34 billion.
The federal government, which purchased the pipeline for just $4.5 billion, has stated it does not intend to be the long-term owner of the project. It’s widely expected to take a writedown if it sells.
The expansion project has also enabled Canada’s oil industry to ramp up production in expectation of the additional takeaway capacity.
A recent TD Economics report suggested Canadian oil production in 2024 could grow by between six and 10 per cent year-over-year, the equivalent of between 300,000 and 500,000 barrels per day.
This report by The Canadian Press was first published April 30, 2024.
Amanda Stephenson, The Canadian Press
News from © The Canadian Press, 2024. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
- 0075 Fast Trucking OutlaW Buckers 010075 Fast Trucking OutlaW Buckers 01
- 0074 General Well Servicing Outlaw Buckers0074 General Well Servicing Outlaw Buckers
- 0073 SaskWorks-Pipeline Online0073 SaskWorks-Pipeline Online
- 0072 Outlaw Buckers and Oil Kings 20240072 Outlaw Buckers and Oil Kings 2024
- 0069 Sask Oil Show 2024 banquet tickets0069 Sask Oil Show 2024 banquet tickets
- 0071 Pride Upkeep 2024 Packages0071 Pride Upkeep 2024 Packages
- 0070 Sask Oil Show 2024 pre-register0070 Sask Oil Show 2024 pre-register
- 0068 Sask Oil Show 2024 booth0068 Sask Oil Show 2024 booth
- 0067 PFM SaskWorks Payroll Investment Plan0067 PFM SaskWorks Payroll Investment Plan
- 0066 WBPC Promo video 30 seconds0066 WBPC Promo video 30 seconds
- 0064 Estevan OTS0064 Estevan OTS
- 0063 Turnbull Excavating hiring crusher0063 Turnbull Excavating hiring crusher
- 0062 TED_EPAC_Technology_300062 TED_EPAC_Technology_30
- 0061 SIMSA 2024 For Sask Buy Sask0061 SIMSA 2024 For Sask Buy Sask
- 0058 Royal Helium Steveville opens anonymous rocket0058 Royal Helium Steveville opens anonymous rocket
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0052 Predator Inspections0052 Predator Inspections
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0015 Latus Viro0015 Latus Viro
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0011
- 0006 JK Junior
- 0002 gilliss casing services0002 gilliss casing services
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 9001