What is the core agreement Trans Mountain reached with oil shippers, and what are its key terms?

Trans Mountain reached a tolling agreement with oil shippers after 18 months of negotiations, covering tolls, tariffs, and service-related matters; the deal establishes a comprehensive long-term framework, increases firm contracted capacity from 80% to 90%, and is subject to Canada Energy Regulator (CER) approval by October 1, 2024, with potential implementation starting January 1, 2027.

Why was this agreement significant for Trans Mountain’s future ownership and expansion plans?

The resolution of final tolls could facilitate at least a partial sale of Trans Mountain to private investors—including Indigenous communities—aligning with the federal government’s original 2018 pledge not to be a long-term owner, though recent statements from Canada Development Investment Corp. suggest the government may retain ownership due to the pipeline’s strategic importance; simultaneously, the agreement supports ongoing expansion efforts, including a planned third line with 1 million barrels per day capacity and incremental capacity additions totaling 300,000 bpd by end-2028.

Trans Mountain Strikes Tolling Deal With Oil Firms After Standoff

Jul 7, 2026

Trans Mountain Corp. settled a long-standing dispute over pipeline tolls with oil shippers, facilitating potential equity sales and a new third line. The agreement increases contracted capacity and supports expanded crude exports to Asia.

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Trans Mountain Strikes Tolling Deal With Oil Firms After Standoff

Trans Mountain Strikes Tolling Deal With Oil Firms After Standoff

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