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Asian Market Buys First Oil Cargoes From Canada’s Trans Mountain Pipeline

OilPrice.com Monday, 15 July 2024 ()
China, Japan and South Korea are set to receive cargoes of oil imports from Canada's newly expanded Trans Mountain pipeline in September, becoming the first Asian countries to benefit from the facility since it became operational in May.  The expanded TMX pipeline will triple the flow of crude from landlocked Alberta to Canada's Pacific coast to 890,000 barrels per day (bpd). TMX provides Asian refiners an opportunity to diversify their imports while also giving Canadian producers more access to U.S. West Coast and Asian markets.…
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