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

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Trans Mountain Oil Pipeline Nouvelles

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.

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