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FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo

FILE PHOTO: A drone view of three berths able to load vessels with oil is seen after their construction at Westridge Marine Terminal, the terminus of the Canadian government-owned Trans Mountain pipeline expansion project in Burnaby, British Columbia, Canada, April 26, 2024. REUTERS/Chris Helgren/File Photo

First Oil Export Cargo from Canada’s Expanded Trans Mountain Pipeline Set to Load

Reuters
Total Views: 1184
May 21, 2024
Reuters

HOUSTON, May 20 (Reuters) – Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed.

Chartered by Canadian oil producer Suncor Energy SU.TO, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of Access Western Blend (AWB) for delivery to China, ship tracking data on Kpler showed.

The expanded Trans Mountain pipeline (TMX), which will ship an additional 590,000 barrels per day (bpd) to Canada’s Pacific coast from Alberta, began commercial operations this month after years of regulatory delays and construction setbacks.

Flows on the pipeline and loadings from the Westridge Marine Terminal are being closely monitored by traders and shippers as the expansion gives Canadian producers more access to U.S. West Coast and Asian markets. Tightening supply of heavy crude has made Canadian oil more attractive to buyers around the world.

However, logistical constraints at the Port of Vancouver could limit the number of shipments, traders and shipping sources have said.

The Port of Vancouver, Trans Mountain and Suncor did not immediately reply to a requests for comments.

Suncor said this month that it was leasing Aframax vessels in the Pacific and selling direct to customers, seeking to maximize profits on oil being shipped on TMX.

(Reporting by Arathy Somasekhar in Houston, Florence Tan in SingaporeEditing by Marguerita Choy)

(c) Copyright Thomson Reuters 2024.

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