Canada’s Trans Mountain Pipeline Moves Toward Another Capacity Increase

Trans Mountain Corp. will hold another open season for the expanded pipeline that takes crude from Alberta to the western Canadian coast, Bloomberg has reported, seeking takers for 72,000 barrels daily in additional capacity. The company operating the pipeline will boost its capacity by another 90,000 barrels daily soon by using drag reduction agents, its chief executive Mark Maki said, as quoted by the publication. The first open season for the pipeline is taking place right now. It launched in early April, and Maki said it would boost the portion…