Trans Mountain anticipates increased interest in pipeline system if U.S. imposes tariffs on Canadian oil
Trans Mountain expects more interest in its pipeline system if the U.S. imposes tariffs on Canadian oil imports. The company noted that its pipeline, which can transport 890,000 barrels per day, is currently 80% utilized. The anticipated tariffs, which were paused for 30 days, could lead to increased crude deliveries to Asia. Trans Mountain also mentioned that Canadian crude may see deeper discounts as a result. The company is exploring ways to enhance throughput efficiency and increase capacity in the next four to five years. In 2024, about 51% of exports from Vancouver went to Asia, mainly China.