Trans Mountain can proceed with work on key pipeline terminals - regulator

Canada Energy Partners

28/02/2022 08:08

Feb 28 (Reuters) - The Canada Energy Regulator (CER) said https://www.cer-rec.gc.ca/en/about/news-room/whats-new/2022/cer-decision-trans-mountain.html
 Trans Mountain  TMC.UL  does not need certain authorizations to
proceed with work on two key terminals that are part of its
delayed pipeline expansion project. 
    The Trans Mountain pipeline terminates at the Burnaby
storage terminal, and crude is loaded onto tankers at the
Westridge marine terminal. Work can now proceed on both, the
regulator said. 
    The authorizations relate to the City of Burnaby’s building,
plumbing and electrical bylaws, the CER said, after the pipeline
operator challenged their 'applicability and operability' in
respect to certain work at the terminals.
    On its website, the CER on Friday said Trans Mountain would
still have to comply with other relevant city bylaws to allow
for oversight. 
    This month, Canada's government said it will halt any
further public funding for the Trans Mountain oil pipeline
expansion, after the government-owned company behind the project
said costs had surged 70% to C$21.4 billion ($16.75 billion)
    The company now expects to finish the expansion in the third
quarter of 2023, when it will nearly triple the capacity of the
pipeline running from Alberta to the Pacific Coast to 890,000
barrels per day. That would be a boost for Canada's oil
producers, which are keen to export more crude.  urn:newsml:reuters.com:*:nL4N2UT3LV 
    
($1 = 1.2777 Canadian dollars)

 (Reporting by Bharat Govind Gautam in Bengaluru, Editing by
Louise Heavens)
 ((BharatGovind.Gautam@thomsonreuters.com; +91-80-6182-3021/
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