Canada's Pembina plays down potential investment in Trans Mountain pipeline

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 45 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Trans Mountain Oil Pipeline News

Western Indigenous Pipeline Group,Pembina Pipeline,Canada

Canada's Pembina Pipeline Corp is not spending much time considering investment in the newly expanded Trans Mountain oil pipeline (TMX) due to uncertainty...

- Canada's Pembina Pipeline Corp is not spending much time considering investment in the newly expanded Trans Mountain oil pipeline due to uncertainty around shipping tolls, a company executive said on Friday.

"From our perspective, there still exists a tremendous amount of uncertainty around that asset," Cameron Goldade, Pembina's chief financial officer, said on an earnings call."As an investment opportunity it's not something we're spending a great deal of time on right now." The pipeline's shippers argue tolls being charged to transport oil are too high, after construction costs ballooned to C$34 billion , more than four times the original budget.TMX will ship an extra 590,000 barrels per day of crude from Alberta's oil sands to Canada's west coast and increase access to markets in Asia and the U.S. west coast.In this article, we are going to discuss the top 15 natural gas producing countries in the world in 2024.

The Actual Reason King Charles Won't See Prince Harry Has Everything to Do With Queen Camilla, Per Sources

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trans Mountain opens 'pretty vast market,' says Cenovus — but it's likely Canada's last pipeline'It is increasingly difficult to build pipelines in this country,' says CEO
Source: YahooFinanceCA - 🏆 47. / 63 Read more »