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CALGARY - Exports of oilsands via tanker ships off the West Coast hit an all-time high this spring, the head of the only pipeline company to cross the Rocky Mountains said in Calgary Wednesday.
Ian Anderson, the CEO of Kinder Morgan Canada, said his company off-loaded a record 134,000 barrels per day (bpd) of heavy oil and oilsands production though the Port of Vancouver in March and expects to move an average of 60,000 bpd through the balance of the year.
It was the first time tanker shipments have exceeded the 100,000 bpd threshold, a feat that was repeated in May. Anderson said the cargoes, although still relatively small, mark a sea change away from thinking of Canada as a single-market player that ships virtually all of its production to the United States.
"No doubt. It goes somewhat unknown that we`re moving barrels off the tidewater," he told reporters. "We`re moving to develop markets today and those movements are happening in increasing numbers. We`re seeing record movements off the dock this year."
Kinder Morgan operates the Trans-Mountain pipeline, which pumps about 300,000 bpd from Alberta to the Lower Mainland and is the only pipeline to cross the Canadian portion of the Continental Divide. The company plans to expand capacity to about 1.1 million bpd, driven by production increases from the Fort McMurray area.
Although the company has no determination of where the oil is shipped to, Anderson said by way of anecdote that cargoes have reached markets in South America in addition to Asia and the United States.
Read the full article here.
Ian Anderson, the CEO of Kinder Morgan Canada, said his company off-loaded a record 134,000 barrels per day (bpd) of heavy oil and oilsands production though the Port of Vancouver in March and expects to move an average of 60,000 bpd through the balance of the year.
It was the first time tanker shipments have exceeded the 100,000 bpd threshold, a feat that was repeated in May. Anderson said the cargoes, although still relatively small, mark a sea change away from thinking of Canada as a single-market player that ships virtually all of its production to the United States.
"No doubt. It goes somewhat unknown that we`re moving barrels off the tidewater," he told reporters. "We`re moving to develop markets today and those movements are happening in increasing numbers. We`re seeing record movements off the dock this year."
Kinder Morgan operates the Trans-Mountain pipeline, which pumps about 300,000 bpd from Alberta to the Lower Mainland and is the only pipeline to cross the Canadian portion of the Continental Divide. The company plans to expand capacity to about 1.1 million bpd, driven by production increases from the Fort McMurray area.
Although the company has no determination of where the oil is shipped to, Anderson said by way of anecdote that cargoes have reached markets in South America in addition to Asia and the United States.
Read the full article here.