Trans Mountain Corp. says it has reached a settlement agreement with oil shippers over the tolls customers pay to use the Trans Mountain Pipeline system that transports crude toward markets in Asia. The agreement follows a prolonged standoff and negotiations between the pipeline operator and its customers regarding pipeline fees. Sources report that the settlement is intended to replace or formalize a broader tolling framework, helping resolve disputes that had complicated Trans Mountain’s forward plans.
The company has also indicated the settlement could support additional corporate and infrastructure steps, including preparations related to a potential equity sale and the development of a proposed new pipeline line. One outlet reports that Trans Mountain is seeking approval of the settlement from the Canada Energy Regulator, with a requested decision date of Oct. 1, to allow the new framework to be implemented by 2027.
Overall coverage agrees that the deal centres on pipeline tolls, is the result of extended negotiations, and is subject to regulatory approval within a set timeline.
