Canadian regulator approved Trans Mountain pipeline route change over delay concerns

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 20, 2023 | SaltWire - The Canada Energy Regulator said on Friday that it approved a route change application for the expansion of the Trans Mountain oil pipeline because continuing to use micro-tunnelling construction techniques could delay completion by at least 10 months.

"This delay could result in an estimated C$2 billion of lost revenue for Trans Mountain and cause negative impacts on shippers and other parties," CER said. The CER granted a route change request for the Canadian government-owned Trans Mountain project late in September for a deviation on a 1.3-kilometre section of pipeline near Kamloops, British Columbia. It did not release its reasons for the decision until now.

Trans Mountain's proposal to divert the pipeline through a different area nearby was opposed by the Stk'emlupsemc te Secwepemc Nation First Nation, whose territory it crosses. Once operational, Trans Mountain will ship an extra 590,000 barrels per day of crude to Canada's Pacific Coast, opening up Asian and U.S. West Coast markets to oil producers. It is expected to start operating late in the first quarter of 2024.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian regulator approved Trans Mountain pipeline route change over delay concernsExplore stories from Atlantic Canada.
Read more »

Indigenous ownership of Trans Mountain must be 'material', prospective bidder saysCALGARY — The director of one of the groups seeking to buy a stake in the Trans Mountain pipeline says nothing less than 'material' ownership by Indigenous...
Read more »

Trans Mountain Oil Pipeline Faces New Construction Issue Months Before StartCanada’s government-owned C$31 billion ($23 billion) oil pipeline to the Pacific Coast is facing a new construction challenge just a few months before its scheduled opening.
Read more »

Jazz Pharmaceuticals Is Said to Explore Options Including SaleJazz Pharmaceuticals Plc is exploring strategic options including a potential sale, people with knowledge of the matter said.
Read more »

VinFast expects sales to founder's taxi venture to extend into 2024Explore stories from Atlantic Canada.
Read more »