The Globe and Mail reports in its Thursday, March 23, edition that Enbridge rival Kinder Morgan said it had
booked all of the 22,000 barrels a
day of capacity it had offered to
the oil industry earlier this month
on its Canadian Trans Mountain
pipeline-expansion project, after
a dip in shipper commitments.
A Reuters dispatch to The Globe reports that the current Trans Mountain
pipeline between the oil-producing
province of Alberta and the
West Coast is routinely oversubscribed,
and the expansion has
had strong support from Canadian
oil sands shippers.
Kinder Morgan said two weeks
ago that commitment for the
pipeline project had dipped 3 per
cent, or 22,000 barrels a day, after
the company hiked tolls.
On March 9, Kinder offered
that capacity through a so-called
"open season," during
which potential customers can
sign up for a part of a pipeline's
capacity rights. Canada's government
in November approved Kinder's plan to nearly triple
the crude pipeline to 890,000 barrels
per day. All available long-term
capacity on the pipeline has
now been contracted to 13 customers.
It
said next steps include
arranging financing for the project,
which is expected to start operating
in late 2019.
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