PetroChina ends its role as committed shipper on Trans Mountain pipeline (updated)

Canada Energy Partners

11/10/2024 21:36

(Adds details on PetroChina Canada operations and letter in
paragraphs 2-7)
    By Nia Williams
       Oct 11 (Reuters) - 
    PetroChina Canada will no longer be a committed shipper on
the  Trans Mountain oil pipeline after assigning its contracts
to another party, the company said in a letter filed with the
Canada Energy Regulator, dated Oct. 10.
    The recently expanded Trans Mountain pipeline has capacity
to ship 890,000 barrels per day (bpd) of crude from Alberta's
oil sands to the Port of Vancouver in British Columbia.
   The company is a subsidiary of China's top oil-producing firm
PetroChina  601857.SS  and holds six assets in western Canada,
including the MacKay River and Dover oil sands projects and a
stake in the LNG Canada liquefied natural gas project, due to
start operating next year.
        A spokesperson for PetroChina Canada did not immediately
respond to a request for comment on why the company had given up
its committed shipping agreements.
  
        PetroChina Canada wrote to regulators to say it was
withdrawing as an intervenor in a 
    long-running dispute
     between Trans Mountain and its committed shippers over
pipeline tolls.
  
        "PCC has now assigned these agreements to another party
and will not be a committed shipper going forward," the letter
said.
  
        PetroChina did not name the other party.
  

 (Reporting by Nia Williams in British Columbia
Editing by Chris Reese and Diane Craft)
 ((nia.williams@thomsonreuters.com; +1 403 531 1624; Reuters
Messaging: nia.williams.thomsonreuters.com@reuters.net))