Existing North American oil pipelines boost capacity as new projects drag on

Aug 14 13:08 2019 Print This Article

Canada’s three major options for new oil pipeline capacity continue to face delays and court challenges, but existing North American pipelines are finding ways to move more barrels to refiners and export docks on the US Gulf Coast.

Midstream companies’ second-quarter earnings cycle revealed a wave of compressor-based pipeline expansions across the US Rockies and Midwest to increase throughputs at low costs and without major regulatory and construction risks.

TC Energy and Enbridge are also using chemicals called dragreduction agents to move more heavy crude in the same amount of pipeline space. That will allow TC Energy’s Keystone pipeline to move 50,000 b/d more by next year, and boost Enbridge’s Mainline capacity by 85,000 b/d.

“It’s quite a different thing to try to permit a complete new pipeline,” said Susan Grissom, chief industry analyst for the American Fuel & Petrochemical Manufacturers.

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The Barrel

S&P Global Platts provides market insights so people can make more informed trading and business decisions.. They're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to their expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping. S&P Global Platts provides critical information for the commodities & energy markets to make physical commodity markets more transparent and efficient. S&P Global Platts blog, The Barrel, provides the essential perspective on global commodities.

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