MEG Energy says Trans Mountain line fill will start from April

Line fill is the last step before the expanded Alberta-to-British Columbia pipeline begins service, providing additional access for Canadian oil to refineries on the US West Coast and in Asia.

The Canadian government-owned pipeline corporation has called for 2.1 million bbls in April and the same amount of oil in May, CEO Derek Evans said on a post-earnings conference call.

For much of the last decade, oil companies in the world's No. 4 producing country have been forced to sell their barrels at a steep discount to global prices due to lack of pipeline capacity to export crude.

The project will transport extra 590 000 bpd of crude, tripling the pipeline's existing shipping capacity to Canada's Pacific Coast once the CAN$30.9 billion (US$22.79 billion) expansion comes in service, expected in the second quarter.

Read the article online at: https://www.worldpipelines.com/business-news/04032024/meg-energy-says-trans-mountain-line-fill-will-start-from-april/