The pipeline aims to diversify Canada's economy by reducing its reliance on the US, which currently buys approximately 90% of Alberta's oil. Diverting these heavy barrels to international buyers may tighten supply for refineries in the US Midwest and Gulf Coast that depend on Canadian crude. The project will follow the existing Trans Mountain corridor with ownership split equally between the federal government and Alberta, and a minimum 10% stake for Indigenous communities.
Tuesday, October 20, 2026
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Canada Fast-Tracks Pacific Link Pipeline to Divert 1M BPD of Oil to Asia
Commodities19 days ago
Prime Minister Mark Carney has designated the Pacific Link oil line as a project of national interest to expedite regulatory approval and environmental assessments under the Building Canada Act. The venture will build a high-capacity pipeline from Alberta to a terminal near Vancouver to export 1 million b/d of crude oil to Asian markets. Construction is scheduled to begin in September 2027, and the Canadian government estimates the project will create 140,000 jobs and generate between $14 billion and $20 billion in annual GDP.
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