Trans Mountain anticipates increased interest in pipeline as U.S. tariff talks continue

Trans Mountain expects increased interest in its pipeline if the U.S. imposes tariffs on Canadian oil imports. The pipeline, which can transport 890,000 barrels per day, is currently about 80% full. The anticipated tariffs could lead to more shipments through Trans Mountain, providing an alternative route for Canadian crude to Asian markets. Currently, most Canadian oil exports go to the U.S. The company is exploring ways to enhance efficiency and capacity in the next four to five years. Recent data shows that about 370,000 barrels per day were exported from Vancouver, with over half going to Asia.