RE:RE:RE:RE:RE:Trans Mountain - there will be STRONG competition for shipping barrels between ENB Canada Mainlines and TMX pipelines
- ENB will LOSE ~ 590,000 bbls/d of Mainline capacity to TMX and they have already given notice that their tolls are being DISCOUNTED next year
- ENB is at a DISADVANTAGE since they are a REGULATED COMMON CARRIER (by montly NOMINATIONS) so they can't enter into FIXED LONG-TERM shipping contracts like TMX
- the way things are looking, tolls to the seaborne Pacific Coast will be roughly EQUAL to the US Gulf Coast despite the SHORTER DISTANCE on TMX at ~ USD 8 to 10 per pipeline barrel capacity
- EXCESS CAPACITY on ENB will be absorbed in the near future as WCSB crude oil production is INCREASED via short-cycle brown field expansions
z173