The last section of TMX being assembled near Laidlaw, British Columbia
A positive ending to the Trans Mountain saga
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
The expansion of the Trans Mountain oil pipeline (TMX) from 300,000b/d to 890,000b/d has been a fiasco. Since Kinder Morgan first proposed TMX in 2013, its in-service date has been delayed by several years and the capital cost of the project has ballooned multiple times, from C$5.4b to a reported C$34b. Reasons for the increase include the coronavirus pandemic; natural disasters such as wildfires and massive floods; and regulatory delays, including the Canadian federal court tossing out the project’s original approval in 2018, leading Kinder Morgan to drop the project and the Canadian government buying the Trans Mountain system to keep TMX alive. As a result, the federal government is now ex
Also in this section
4 October 2024
Economic ill-health may be a wake-up call to the world about the Asian nation’s shifting oil buying status
3 October 2024
The formation’s gas-to-oil ratio is set to keep rising, but new markets and midstream plans mean infrastructure constraints may not be an issue
2 October 2024
Geopolitical strife embroiling Iran and political corruption in Venezuela suggest little near-term change to oil production from either of the sanctioned states
1 October 2024
Our look into Petroleum Economist's archives continues with October 1960 coverage of another key moment in the history of oil and gas: the founding of OPEC
