extension that officially opened on Wednesday and is expected to provide oil producers access to better prices and newer markets.
The cost to build the new pipeline was initially estimated in 2017 to be around $7.4 billion. Since then, the cost has ballooned to about $34 billion, leading to some criticism from the industry. -Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.
Source: News Formal (newsformal.com)
Cenovus Energy Inc. Chief Commercial Officer
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