Trans Mountain Corporation (TMC) has announced a significant development in its ongoing negotiations with oil shippers. After 18 months of extensive discussions, TMC has reached a settlement agreement concerning the tolls and tariffs applied to the Trans Mountain Pipeline System. This agreement, which represents the substantial majority of contracted firm shipment volumes, has been submitted to the Canada Energy Regulator (CER) for approval. ( of incremental capacity through various optimization projects by 2028. The company plans to launch a formal open season on July 13, 2026, to allow shippers to bid on approximately 90,000 bpd of that new capacity expected to be available by year-end.
This development marks a significant milestone in the relationship between Trans Mountain and its oil shipper customers, aiming to provide a stable and predictable framework for the transportation of Canadian crude oil to international markets.