Canada's dearth to deluge
Not long ago the oil sands looked hemmed in by a lack of pipeline capacity. Now they may have too much
It is a prospect that seemed unthinkable for oil sands producers just a few months ago: Canada, which faced a dire shortage of space on its ageing transportation network, might now be over-piped. Two major pipeline expansions have been approved, a third is moving through the regulatory process; throw in a revived Keystone XL (KXL), and suddenly producers may get 2m b/d of new capacity flowing east, west and south. It started in late November when prime minister Justin Trudeau gave the green light for KinderMorgan's controversial C$6.8bn ($5.2bn) TransMountain expansion (TMX) line, while turfing Enbridge's Northern Gateway proposal at the same time. TMX will triple to 0.9m b/d the capacity on
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
