Canadian oil shipments to Los Angeles hit the highest level in four years ahead of the formal launch of the expanded Trans Mountain pipeline.
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further. According to Vortexa data cited by Bloomberg, three tankers carrying a combined 1.74 million barrels departed from the port of Vancouver this month bound for LA. At least two of these were purchased by Marathon Petroleum, which has a refinery in LA.
The expansion of the Trans Mountain pipeline from Alberta to British Columbia has been plagued by delays, environmentalist opposition, including in court, and a significant increase in the price tag. Opposition from environmentalist organizations and the government of British Columbia was so fierce at one point that the original owner of the pipeline, Kinder Morgan, gave up on the project and the federal government of Canada had to buy it, spending some $$3.3 billion.
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