29 May '18, 2pm

Government of #Canada to buy #TransMountainpipeline & expansion #TMEP for C$4.5B, resume work

Government of #Canada to buy #TransMountainpipeline & expansion #TMEP for C$4.5B, resume work

The Government of Canada will purchase Kinder Morgan’s Trans Mountain Pipeline system and the expansion project (TMEP) for C$4.5 billion (US$3.46 billion); Kinder Morgan has agreed to work with the Government of Canada to seek a third-party buyer for the Trans Mountain Pipeline system and TMEP. The 1,150-km (714-mile) Trans Mountain pipeline system (TMPL) is the only pipeline system in North America that transports both crude oil from the oil sands and refined products to the west coast. (Earlier post .) The Trans Mountain Expansion Project involves building a new pipeline along the existing Trans Mountain Pipeline running from Edmonton, Alberta to Burnaby, British Columbia, and expanding the capacity of the terminal in Burnaby. This expansion would increase daily capacity from 300,000 to 890,000 barrels, while improving market access to the US Pacific Coast and Northeast ...

Full article: http://www.greencarcongress.com/2018/05/20180529-tmep.html

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