CALGARY, Jan. 18, 2018 /CNW/ – Kinder Morgan Canada Limited (TSX: KML) is pleased with the National Energy Board’s (NEB) decision today setting down a generic process to hear any future motions as they relate to provincial and municipal permitting issues.
“Provision of a process that is open, fair and provides certainty for all parties is good news and is an important component of the assurances we need for the successful execution of the Trans Mountain Expansion Project,” said Ian Anderson, President of Kinder Morgan Canada Limited.
Kinder Morgan is committed to continuing to work with local authorities in good faith and will be reviewing the decision in more detail.
The NEB and the Government of Canada considered timing and schedule in their determinations that the Project is in the public’s interest. Timely execution of the Project is necessary for Trans Mountain to provide the needed transportation capacity to access global oil markets and maximize related economic benefits to all Canadians including local, regional and Aboriginal communities.
About Kinder Morgan Canada Limited
Kinder Morgan Canada Limited operates a business, comprising a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Trans Mountain Puget Sound pipeline, Trans Mountain Jet Fuel pipeline, the Westridge Marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta. The Trans Mountain pipeline currently transports approximately 300,000 barrels per day (bpd) of crude oil and refined petroleum products from the oil sands in Alberta to Vancouver, British Columbia and Washington state. On November 29, 2016, the Government of Canada granted approval for the $7.4 billion Trans Mountain Expansion Project, to increase the nominal capacity of the system to 890,000 bpd.