Poten: Canada’s Trans Mountain Pipeline Will Shake Up Pacific Oil Markets

The Canadian government’s new Trans Mountain Pipeline (TMX) expansion project is nearly complete, and it will load its first export cargo within months. When it enters service, according to analysts Poten & Partners, it will reshape the Pacific tanker market. 

The TMX project was a long time coming. 12 years ago, Kinder Morgan proposed to build a parallel pipeline alongside the existing Trans Mountain line. The new pipe would triple its capacity from 300,000 bpd to nearly 900,000 bpd. The estimated cost as of 2016 was about US$7 billion. 

View entirety: The Maritime Executive