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Trans Mountain pipeline shutdown effects to ripple into new year

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December 12, 2021
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Trans Mountain pipeline shutdown effects to ripple into new year
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The oil pipeline will minimize capability by 16 per cent in January

Writer of the article:

Bloomberg News

Bloomberg Information

Robert Tuttle

Publishing date:

Dec 10, 2021  •  1 day in the past  •  1 minute learn  •  8 Comments

Material for the Trans Mountain Pipeline project sit in a storage lot outside of Abbotsford, B.C., on June 6, 2021.
Materials for the Trans Mountain Pipeline challenge sit in a storage lot outdoors of Abbotsford, B.C., on June 6, 2021. Picture by COLE BURSTON/AFP by way of Getty Photos recordsdata

Article content material

The consequences of a three-week shutdown of a key Canadian oil pipeline will ripple into January.

Article content material

Trans Mountain Canada Inc. will minimize capability by 16 per cent in January, the corporate advised shippers in a discover. It’s additionally decreasing December capability by a further 9 per cent on high of previously-announced cuts.

The 300,000 barrel-a-day pipeline is the one one which carries oil and motor gasoline from Alberta to the Vancouver space, additionally supplying Washington state refineries with crude. Trans Mountain was shut in mid-November due to flooding that washed away soil and uncovered sections of the road.

The shipper discover contrasts with a Dec. 6 replace on the corporate’s web site that stated gasoline and crude oil provide ranges for Trans Mountain prospects ought to return to regular inside per week.

The shutdown of the pipeline after torrential rains in British Columbia prompted Vancouver’s sole refinery to droop operations and contributed to a choice by the provincial authorities to ration gasoline in areas of the province.

Bloomberg.com



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