Canadian oilpatch has a new Canadian pipe, something assigned year after yearAnd it offers a relatively fast route to the west coast and foreign markets.
A year later, the extended trans mountain pipeline is still not running in full capacity – that the General Manager of the Crown Corporation does not believe is a problem.
The pipeline has decreased the forecasts of the oil amount that will be emitted through the system for the next three years, According to Reuters.
This suggests some companies unwilling To pay high journey, project costs are higher than expected. The federal government initially purchased Trans Mountain Pipeline at $ 4.5 billion, but the development and construction has risen to $ 34 billion.
At the time, I was excited about a new export project for oil companies, and they were also worried about growing costs, after all, to partly through tolls to pay oil.
They signed more than a decade ago by oil companies to use the Crown Corporation to use the Crown Corporation on the hard price of the tolls. Canadian energy regulator will not be disagreement this summer.
If the pipeline is too expensive, oil companies can see other pipeline systems to export raw. However, if the tolls are low, the crown corporation may affect the profitability of the corporation and suffer the amount of dollar dollars made by the federal government to sell the entire trans mountain system.
New markets, smaller differential
Mark Maki Director General sees the problem of ability differently.
“It’s a confession that has increased the fast supply to the west of Canada,” Maki said. “I thought historically historically pipeline has been a short ability.”
In March, pipelines made 790,000 barrels a day, he said. As the supplies rose, he said, will be capacity around 2027 or 2028. The whole capacity is 890,000 barrels per day.
Maki’s comments come at a time when oil production continues to rise. Alberta established new records in the first three months of this year, Last oil production Data. Alberta’s oil production was about 4.19 million barrels in March, according to ATB Financial, from 4.04 million barrels in the same period last year.
Some analysts say, despite the cost, Edmonton sends oil to the British Columbia coast – has already returned the benefits of the oil industry and the economy.
“It has been much more difficult with the United States, due to the greatest Canadian customer, it is very valuable, it is very valuable,” Kevin Birnek, S & P Global Analyst. “Canada lever gives a lever who has not traditionally been traditionally.”
Half of the oil flows through the trans mountain pipe is sending to Asia, Maki said: China With Korea, Japan, India and Brunei.
Since the pipeline opened, the differential price between Canada and the US crude oil has also been reduced, falling below $ 10 A barrel, up to 18 to 20 dollars of more than a barrel. Canadian producers tend to acquire cheaper price for their oil, because it has a higher weight and more difficult weight, but it has had the opportunity to access many markets reducing the Canadian oil discount.
“That’s horrible,” Trevor Tombe said, Calgary’s University Economy Teachers.
It shrinks every dollar, Tomb said: The Alberta government receives about $ 740 million in revenue, which allows the rest of Canada’s economic benefits.
Although many discussed, Ottawa was worth buying the pipe, Tombe said one of the most important measures is whether it will be used for the other two decades.
If so, he said, the toll cannot cover its costs, but can help pay a lot of debt that is used to build first.
“So economically as a project, he will continue to make sense,” Tombe said, he said the tube believes that it will be used beyond 2040.
Time to sell?
If a private operator buys the project, he said they could also take the debt. It has always been the intention of making government sales, even though Maki said earlier this year, Ottawa has to hang it for a long time.
Maki said he thinks the project needs time to develop a slightly longer history of operating history and practice any kinks.
An indigenous group that indicated interest in shopping Dunx He said he is still expected to move forward in the pipe.
“If the federal government will finally put it in sale, we want to continue to be that conversation,” Stephen Mason said, managing the projects of reconciliation. “I don’t give up.”
He asked the Trans Mountain to have a government arm, with project infrastructure projects that cannot create interest in the private sector, Maki said that it is an opportunity, but “We need to win well.”
“I think there is a place of Trans mountain, as a public company or the possession of Canada pensions, as the indigenous (group) system owner,” he said.
“I would love to see as a result before leaving the building”.
2025-05-03 08:00:00
