• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 1 day US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 9 mins How many drilling sites are left in the Permian?
  • 1 hour "Undeniable" Shale Slowdown?
  • 7 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 1 day Overheating the Earth: High Temperatures Shortened Alaska’s Winter Weather
  • 2 days China To Promote Using Wind Energy To Power Heating
  • 1 day Gas Flaring
  • 1 day Climate Change Protests
  • 8 hours Case against Trans Mountain Begins
  • 7 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 24 hours Everything Is Possible: Germany’s Coal Plants May Be Converted to Giant Batteries
  • 16 hours U.S. Refiners Planning Major Plant Overhauls In Second Quarter
  • 2 days Japan’s Deflation Mindset Could Be Contagious
  • 1 day Tax Credits for Energy Storage

Breaking News:

Guaido Takes Strides To Topple Maduro

The Case For $100 Oil

The Case For $100 Oil

According to Bank of America…

Kinder Morgan Delays Trans Mountain Launch Again

Oil sands Canada

Kinder Morgan said it would have to delay the start of the expansion of its Trans Mountain pipeline by another three months, to December 2020, its chief executive Steve Kean said at the presentation of the company’s fourth-quarter results.

The US$5.95-billion expansion project still needs to gather all necessary permit approvals, Keane said, adding that the other reason for the delay was “because we've not completed the work necessary with our contractors to determine where we can save time and money on the build and we don't have a clear view of when the starting point is for that.”

The project aims to triple the capacity of the Trans Mountain pipeline, which carries Alberta oil sands crude to the coast of British Columbia, to as much as 890,000 bpd. Kinder Morgan has received the approval of Canada’s national Energy Board, but the pipeline expansion is being challenged by a number of groups, including environmentalists and First Nation communities located in areas along the route of the pipelines.

Trans Mountain is about as controversial as every new crude oil pipeline project in Canada and the United States, and needs more than a thousand permits before it can proceed. Kinder Morgan has already secured a few hundred of those, but it is now facing increased pressure from the new British Columbia government, which seems determined to stop the expansion whatever it takes.

This is the second delay announcement by Kinder Morgan in less than six months. Last October, Steve Kean said the launch of the expansion could take place as much as nine months after the original start date in October 2019 because of delays in the obtaining of permits.

Besides the permits, Kinder Morgan is facing several judicial reviews that would also affect the timeline of the project. In addition, the route of the expanded pipeline has not yet been finalized, and challenges could spring up there as well, according to the company’s CEO.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News