The $34bn expansion of Canada’s Trans Mountain Pipeline (TMX) will dramatically change the oil and tanker markets in the region, says Poten & Partners.
The project is nearing completion, and the volume of crude that will be able to be shipped from Alberta to the west coast of Canada will almost triple to 890,000 barrels per day.
“The ability to export an additional 580,000 bpd of crude oil will add a meaningful volume of crude to the Pacific Basin,” Poten said.
