An analysis of oil tanker activity in British Columbia by RBC suggests the Trans Mountain Pipeline ran close to full capacity during the month of April.
Analysts from the Royal Bank of Canada said 28 tankers departed from the Westridge Marine Terminal in Burnaby last month.
“Tanker volumes in April would suggest to us that the Trans Mountain Pipeline (TMPL) could have run above contracted capacity rates of 712,000 bbl/d, making use of spot ability,” the note says.
The pipeline has a total capacity of 890,000 barrels per day, with 712,000 barrels reserved for firm service. RBC said it estimates that approximately 30 tanker loadings would represent full utilization of the pipeline’s capacity….