Trans Mountain Pipeline Hits Full Capacity as Asian Demand Surges

The Trans Mountain pipeline reached full capacity of 890,000 barrels per day on June 11 for the first time since its expansion, driven by strong Asian demand for Canadian crude amid Middle East supply disruptions. The development follows June 9 comments from Cenovus CEO Jon McKenzie that a proposed 1 million bbl/day pipeline to the Pacific coast remains unfinanceable under current regulations. On June 10, India signaled interest in importing Canadian heavy crude suited to its refineries, while ADNOC reviewed upstream opportunities, highlighting long-term buyer interest despite regulatory hurdles. The company is now offering an additional 72,000 bbl/day and eyes 1.2 million bbl/day by 2029.