The CEO of Pembina Pipeline Corp. says the company needs more certainty related to the Trans Mountain expansion before deciding whether to make an offer.
Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland, in Abbotsford, B.C., on Wednesday, May 3, 2023. The CEO of Pembina Pipeline Corp. says the company needs a resolution of uncertainties surrounding the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline. THE CANADIAN PRESS/Darryl Dyck.The CEO of Pembina Pipeline Corp.
Ottawa bought the Trans Mountain pipeline, Canada’s only pipeline system that transports oil from Alberta to the west coast, in 2018 to ensure a planned expansion would be completed after previous owner Kinder Morgan Canada Inc. threatened to scrap the project. He added that there are still many unknowns surrounding the Trans Mountain expansion project, which is still under construction and expected to be complete sometime early next year.Apple stock tumbles after weak holiday quarter warning
The sale of Trans Mountain is expected to be one of the largest commercial transactions in Canadian history. There is also uncertainty around the expansion project’s completion time frame. Though Trans Mountain Corp., the Crown corporation behind the project, successfully argued for regulatory permission for a route deviation earlier this fall to address construction challenges related to the construction of a tunnel in B.C., the project continues to face hurdles in its final stretch.
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Pembina Pipeline needs Trans Mountain certainty before considering an offer: CEOCALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion project before deciding whether to make an offer for an equity stake in the pipeline.
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Pembina Pipeline needs Trans Mountain certainty before considering an offer: CEOCALGARY — The CEO of Pembina Pipeline Corp. says the company needs more certainty over timing, regulations and costs related to the Trans Mountain expansion ...
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