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Trans Mountain pipeline reaches settlement with oil shippers on tolling dispute
The deal would set 15- and 20-year shipping terms and let firm shippers extend contracts, while seeking approval by Oct. 1.
- On Tuesday, July 7, 2026, Trans Mountain reached a negotiated settlement with oil shippers after 18 months of dispute over pipeline tolls, submitting the agreement to the Canada Energy Regulator for approval.
- Oil companies previously pushed back against higher tolls intended to cover cost overruns from the $34 billion pipeline expansion project completed in 2024.
- CEO Mark Maki stated the framework provides greater certainty through 15- and 20-year service agreements while Trans Mountain seeks to increase contracted capacity to 90%, up from 80% currently.
- Seeking regulatory approval, the company requested the Regulator approve the settlement by Oct. 1 to support implementation by Jan. 1, 2027, with the deal representing the "substantial majority" of contracted volumes.
- Starting July 13, the company will launch a formal open season for shippers to bid on 90,000 bpd of capacity, part of plans to add up to 300,000 bpd by 2028.
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Trans Mountain Strikes Tolls Deal With Oil Firms After Standoff
Trans Mountain Corp. has reached a deal with oil shippers after a prolonged dispute over fees to use its crude pipeline that feeds Asia, helping pave the way for a potential equity sale and a proposed new line to be built.
·New York, United States
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Trans Mountain said on Tuesday it reached a settlement with oil shippers after 18 months of negotiating a dispute about the tolls the pipeline charges its customers to carry oil.
·New York, United States
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Total News Sources18
Leaning Left8Leaning Right2Center7Last UpdatedBias Distribution47% Left
Bias Distribution
- 47% of the sources lean Left
47% Left
L 47%
C 41%
12%
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