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Money Kinder Morgan to restart construction on Trans Mountain in August

07:06  04 july  2018
07:06  04 july  2018 Source:   reuters.com

A country divided: Poll finds split on Trans Mountain pipeline, except in Alberta

  A country divided: Poll finds split on Trans Mountain pipeline, except in Alberta A country divided: Poll finds split on Trans Mountain pipeline, except in AlbertaCanadians have split down the middle over the federal government’s decision to purchase the Trans Mountain pipeline expansion project, according to an Angus Reid Forum online survey released Tuesday.

(Reuters) - Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost

July 3 (Reuters) - Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline's expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to

a train traveling down train tracks near a mountain: FILE PHOTO: Steel pipe to be used in the pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project sit on rail cars at a stockpile site in Kamloops© REUTERS/Dennis Owen/File Photo FILE PHOTO: Steel pipe to be used in the pipeline construction of Kinder Morgan Canada's Trans Mountain Expansion Project sit on rail cars at a stockpile site in Kamloops

Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline's expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost country's oil exports.

The expansion work will begin in Alberta in August and the North Thompson region of British Columbia in late September, according to a construction schedule for the next six months filed with the National Energy Board.

Canada’s Oil Crisis Is Far From Over

  Canada’s Oil Crisis Is Far From Over Canada has vowed to build the Trans Mountain Expansion project in order to move more oil out of the country , but a lot of hurdles remain.In May, the Canadian government agreed to pay Kinder Morgan $3.5 billion for the existing Trans Mountain line, plus the proposed expansion project. The decision by Kinder Morgan to sell the project, plus the uncertainty surrounding the takeover by the Canadian government, will almost certainly push back the start date for the pipeline until 2021 at least.

(Reuters) - Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline's expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost

(Reuters) – Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost

Calgary-based Kinder Morgan Canada said additional construction was also planned in Lower Mainland of British Columbia.

Kinder Morgan had halted all non-essential work on the C$7.9 billion project in May, citing regulatory uncertainty and opposition from the province of British Columbia.

The Trans Mountain pipeline runs from Edmonton, Alberta to a deepwater port in the Vancouver area. The expansion would nearly triple its capacity, giving Canadian producers greater access to Asia and other world markets.

Canada in late May agreed to buy the pipeline for C$4.5 billion ($3.4 billion) to save the project that faces formidable opposition from environmentalists and British Columbia officials, who are worried the pipeline could spill its tar-like heavy oil.

60% of Albertans support Ottawa's Trans Mountain pipeline purchase, poll suggests

  60% of Albertans support Ottawa's Trans Mountain pipeline purchase, poll suggests 60% of Albertans support Ottawa's Trans Mountain pipeline purchase, poll suggests The federal government announced at the end of May it had reached a deal with Kinder Morgan Canada to purchase the Trans Mountain pipeline and related infrastructure for $4.5 billion, and that it could spend billions more to build the controversial expansion.

(Reuters) - Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline's expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost

(Reuters) - Kinder Morgan Canada Ltd said in a filing on Tuesday it is restarting construction in August on the Trans Mountain pipeline’s expansion after halting work in the spring due to opposition from environmentalists and other groups as Canada prepares to buy the project in a bid to boost

The deal is expected to close "mid to late summer."

"We're excited to be moving forward in Alberta and the North Thompson, bringing and delivering on our commitments to local, regional and Aboriginal jobs and benefits," Ian Anderson, president of Kinder Morgan Canada, said in a statement.

(Reporting by Anirban Paul in Bengaluru; Editing by Lisa Shumaker)

Kinder Morgan Canada profit drops on lower crude shipments .
Kinder Morgan Canada on Wednesday reported a quarterly profit that nearly halved, as it moved lower volumes of crude oil through its pipeline and its interest expenses also rose due to the pending sale of its Trans Mountain pipeline. The pipeline operator agreed to sell the Trans Mountain line to the Canadian government in May, after facing months of opposition to its expansion from environmentalists and other groups.The company's largest pipeline by capacity moved 293,000 barrels per day (bbl/d) of crude and refined products, down from 303,000 bbl/d a year earlier.

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