Canada's Trans Mountain pipeline settles toll dispute with shippers

The Crown‑owned Trans Mountain pipeline announced a settlement with oil shippers after 18 months of negotiations over the tolls charged to transport crude. The deal, filed with the Canada Energy Regulator, establishes a long‑term framework for tolls and services and seeks regulator approval by Oct. 1, with implementation slated for Jan. 1, 2027.

Under the agreement, the proportion of firm capacity contracted on the 890,000‑barrel‑per‑day line would rise from 80% to 90%, reducing spot‑shipment space to 10%. Trans Mountain will launch an open season on July 13 for about 90,000 bpd of new capacity expected by year‑end, and the company aims to add up to 300,000 bpd of incremental capacity by 2028. CEO Mark Maki said the framework provides certainty for customers while supporting Canada's crude exports to global markets.