The tracking data shows that China Emprbati Trans Mountain Oileduce has become the main Canadian oil client, the US trade war has changed raw movements a year ago oil pipe.
The interest in China Canada oil occurs during the strain of the relationship between Canada and the United States, following the commercial warned by the American president. In addition, American penalties reflect the impact of raw oil in countries like Russia and Vénezuela.
Canada is the fourth largest oil producer in the world, but its main province, Alberta, has limited to seaports. The result: 90% of the production of Canada or about 4 million barrels per day, exporting to the United States by taking the southern southern southern southern southern path.
Pipeline Trans mountainFor his part, it allows transport to the Pacific coast, from which it can be transferred and exported to oil vessels. The spread of the pipeline, which cost $ 34 billion, entered May 1 2024. Approximately Trans mountainThey rose by 890,000 barrels a day and opened new markets on the western American coast and Asian countries.
Canadian oil is not directed by American customs tariffs, but Canada wants to diversify its exports after the Trump Administration decreased Canadian oil prices, and threatened to the United States of Canada.
Since June 2024, Canada has sent an average of 207,000 barrels a day according to data to control KPler containers. This is a great rise, China imported an average of 7,000 barrels in 2023.
At this time, Trans mountain He sent 173,000 barrels every day to American markets.
Oil Exports Surprise to China. Observers were expected to be the main oil customer transported to the oil pipeline for the Canadian government.
Asian countries, generally have the opportunity to access Russian oil, which is cheaper. However, the measures of President Trumpen were more attractive to Chinese oil buyers, director of the Chinese Institute of China Studies at the University of China, University of Philippe Rheault.
It adds that China doesn’t like being dependent on Russian oil.
Many China refineries also know penalties and therefore tried to diversify Venezuela oil and other countries abandoning
He examines.
In the year, the implementation of oil pipelines, as the Canadian exports rose almost 60% of the United States, obtaining a register of 183,000 barrels per day, according to Canada statistics.
South Korea, Japan, India, Brunei and Taiwan are among Canada customers.
In recent months, several politicians have proposed to build other tubes that lead to seaports to reduce dependency in the United States, but they follow regulatory, financial and political barriers.
Trans mountain On average, in 2024, it works in 77% of its capacity and in 2025 and 92% of its capacity in 2025, 2027.
Trans Mountain CorpHe operates in oil pipeline, which examines the expansion project that allows you to transport more than 200,000 and 300,000 barrels a day.
Energy Strategy Manager Turner, Mason & CompanySkip York, believes that the majority of this oil would be transported Asian to the Western American coast, to find new suppliers of the desire of China.
CBC and Reuters Information
2025-05-17 19:40:00
