Pipe for oil field File :Photo KDG

The trans mountain pipeline got its September allotment this week. The pipeline will be running at full capasity for September.

What is pipeline ‘apportionment’ and why is it important?

The energy sector around the world works on a monthly cycle. The Trans Mountain Pipeline is part of that cycle. Apportionment describes the amount of demand shippers place on the pipeline in excess of its available capacity. Here’s a step-by-step guide to the apportionment determination that’s carried out every month for the existing Trans Mountain Pipeline system. Source trans mountain… see https://www.transmountain.com/news/2020/update-september-2020-capacity-announcement-for-the-trans-mountain-pipeline-system?utm_source=Trans+Mountain+Updates&utm_campaign=3737b0c385-TMT_09_03_2020_&utm_medium=email&utm_term=0_f287e4f791-3737b0c385-24068793

Trans Mountain is taxpayer owned..

The pipeline is currently under expansion and doubling its ability to carry, as well as storage in Burnaby.

Revenues go into the company and the government can take dividends.

The crisis in public health ad stopped oil flow last spring and caused crude price to go below zero . The supplies of crude in the US had been falling at a rate of around 5 million barrels a week during the summer. Light sweet crude prices are just under 40 dollars US today down 4.5 percent.

On this Day: September 4th 1998

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