Transmountain expansion expected to be completed in the coming weeks.

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The Trans Mountain expansion project, nearly complete at 98%, is set to start operating soon, significantly boosting Canada’s oil export capacity. This project will triple the pipeline’s capacity to 890,000 barrels per day, facilitating oil movement from Edmonton to Westridge.  The completion marks a significant achievement after a decade of planning and cost increases from $5.4 billion to $30.9 billion. Bought by the federal government in 2018, the project has faced numerous challenges, including environmental opposition. Its operation is expected to enhance market access and reduce the price differential of Western Canadian oil, potentially encouraging further investment in the oil sector.

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