The Trans Mountain pipeline expansion project will open on Wednesday. It took more than four years to construct, and was one of the most costly infrastructure projects in Canadian history. Cenovus Energy Inc. executives warn it could be well into next year before oil companies resolve their ongoing dispute with Trans Mountain Corp. over rising pipeline shipping fees.The Trans Mountain expansion, which runs from Alberta to the B.C.
During the course of its construction, the total project cost of the Trans Mountain expansion ballooned from a 2018 estimate of $7.4 billion to the latest estimate topping $34 billion, with a final tally still expected.
“I think everybody is pleased to see the asset come available for everyone, but that work to ultimately get to the final commercial construct? I would expect that to carry out the remainder of this year and potentially drift into the first quarter, even to the first half of next year, before we finally get closure on that.”Uncertainty over where the tolls will ultimately land have implications for a possible eventual purchase of the pipeline. Trans Mountain Corp.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: SooToday - 🏆 8. / 85 Read more »