The Trans Mountain pipeline expansion project shipped crude oil to 20 tankers in its first month of operation, delivering Canadian oil to the U.S. West Coast and Asia.
The Trans Mountain pipeline delivered enough crude oil to load 20 tankers from Canada ’s Pacific Coast in the first full month of operations of the expanded link, just below the company’s expectations, Reuters reported on Monday, citing data from tanker-tracking providers LSEG, Vortexa, and Kpler.
A total of 20 vessels loaded crude delivered to Canada’s West Coast via TMX, compared to 22 the company – currently operated by the Canadian federal government – had expected. The initial volumes were slightly lower than expected, but this could be due to the early phase of operations, according to analysts. Traders and market analysts are closely watching Asia’s appetite for Canadian crude, as the TMX gives Canadian producers an outlet on the Asian markets and on the U.S. West Coast.
Canada Crude Oil Tankers Asia U.S. West Coast Exports Expansion Heavy Crude Oil
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