Trans Mountain to finish final segment of oil pipeline expansion in April, filing says
Trans Mountain will complete the final phase of its Canadian oil pipeline expansion in April. The Canadian government-owned C$34-billion ($25.07 billion) pipeline project will nearly treble the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day, but it has been plagued by years of delays, construction issues, and cost increases.Spread 5-B is the final portion to be completed, and Trans Mountain's timeline submitted with the Canada Energy Regulator shows construction and testing completing up this month.Last month, Trans Mountain announced that it had begun filling its new pipeline in stages, but that technical issues remained.The pipeline, which is set to go into service in the second quarter, is likely to lift Canadian oil prices just as producers increase output.