Why Canada likely won’t need any more big new oil pipelines after Trans Mountain – CBC
Mar 16, 2023
With slowing oil production growth, developers would be hesitant to pitch projects
Construction of the Trans Mountain expansion project is set to wrap up later this year, and it’s likely the last new oil export pipeline the country will ever need.
The pipeline has faced many obstacles over the years, including protests, court challenges and massive cost overruns. Last week, the cost of the federally owned project was updated to more than $30 billion.
Over the last decade, several other high-profile pipeline proposals have faltered, but the Trans Mountain expansion is more than 80 per cent built, and oil is expected to start moving in early 2024.
As oil production growth slows in Alberta, some in the industry suspect there won’t be a need for any more new oil export pipelines.
Read More: https://www.cbc.ca/news/canada/calgary/bakx-tmx-pipeline-oil-wcs-1.6780054