Producers eye Asia-Pacifc market

摘要

Canadian producers are eyeing increased access to the Asia-Pacifc market as a new crude pipeline to the Pacifc coast inches closer to becoming reality. The Trans Mountain expansion (TMX) will add 590,000 b/d of pipeline capac- ity from western Canada and is expected on stream in December 2022. The project, catering for heavy crude, will nearly triple the capacity of the pres- ent 300,000 b/d line, which runs from Edmonton, Alberta, to Burnaby, British Columbia, on Canada’s west coast. It will be the frst pipeline in decades to ofer meaningful access for Canadian producers to new markets without needing to go through the US and could enable a near 600,000 b/d increase in Alberta heavy crude shipments to the coast and then to China — assuming that the crude is available and demand from west coast refners has been satisfed.