Canada's federal government plans to postpone the sale of the state-owned Trans Mountain oil pipeline for after the 2025 general election.
Canada ’s federal government plans to postpone the sale of the state-owned Trans Mountain oil pipeline for after the 2025 general election amid politics, regulations, and slow progress in talks with indigenous groups, Bloomberg reported on Friday, quoting officials with knowledge of the discussions within the cabinet. The Federal Government of Canada bought the Trans Mountain Pipeline Expansion TMX from Kinder Morgan back in 2018, together with related pipeline and terminal assets.
A possible change of government after the 2025 election and ongoing talks with Indigenous groups about them owning a stake in the pipeline could also be reasons to delay the sale of the Trans Mountain pipeline, according to Bloomberg’s sources. Regulatory hurdles have added years to the timeline for the pipeline completion, but TMX received the final permits in early May from the Canada Energy Regulator CER. This allowed it to enter into service on May 1.
TMX Pipeline Commodities Gas LNG
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