Kinder Morgan has increased the estimated cost of the Trans Mountain pipeline project to $7.4 billion and says it has confirmed shipping interest from producers.
The cost is up from the $6.8 billion previously estimated, with Kinder Morgan citing increased compliance costs including the National Energy Board’s 157 conditions, thicker pipe walls, additional drilled water crossings, and the Burnaby Mountain tunnel.
The company said shippers have reconfirmed all but three per cent of firm daily oil shipment, representing 22,000 barrels per day.
Canadian Press – Canadian Manufacturing – March 10, 2017.
Want More Investigative Content?
