The expanded Trans Mountain oil pipeline will rely on spot customers to see a positive equity return, or return on capital, in 2026.
The expanded Trans Mountain oil pipeline will rely on spot customers to see a positive equity return or return on capital in 2026, according to company filings with Canadian regulators reviewed by Reuters. The expanded Trans Mountain pipeline is tripling the capacity of the original pipeline to 890,000 barrels per day bpd from 300,000 bpd to carry crude from Alberta’s oil sands to British Columbia on the Pacific Coast.
Tolls for the spot capacity are higher and would generate more income for TMX but they are not easily predictable as they depend on demand for Canada’s crude and on the price of Canada’s heavy crude, Western Canada Select WCS. This month, TMX is running at around 80% full capacity, while a “little bit” of the spot capacity is being used, Mark Maki, Chief Financial and Strategy Officer at Trans Mountain Corporation, told Reuters earlier in June.
Oil Pipeline Canada Regulator Equity Capital Profit
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