Trans Mountain Expansion to Provide Short-Lived Relief

摘要

Canadian midstream giant Enbridge said it expects an expansion in pipeline takeaway capacity from Alberta's oil sands to result in a temporary dip in utilization of its assets. During the company's third-quarter earnings presentation, Enbridge executives said that the Trans Mountain pipeline expansion, which will almost triple the line's capacity to 890,000 barrels per day from the oil sands to Vancouver, is expected to come on line late next year. When that happens, they said, volumes on their assets out of Canada will drop.