“Last year you had a doubling of water-borne export to Asia,” said Birn, adding the 62,000 barrels a day of crude exported from B.C. last year was still a small percentage of the four m…
A combination of Chinese demand and increased pipeline space led to a massive increase in the export of crude oil out of the Port of Vancouver last year.
The Trans Mountain pipeline allows for a variety of petroleum types and products to be shipped, ranging from jet fuel and kerosene to heavy crude oil and oilsands. Last year, Birn said, the amount of refined products and deliveries for the Lower Mainland were down, and this created space in the line for crude oil to be exported.
“Last year you had a doubling of water-borne export to Asia,” said Birn, adding the 62,000 barrels a day of crude exported from B.C. last year was still a small percentage of the four million barrels a day that Alberta exports, mostly to the U.S. “There’s no lack of demand for heavy crude oil export, or light crude oil, and China is the fastest growing market in the world,” said Birn, adding demand for heavy crude oil was up generally because of declines in production from Mexico and Venezuela.
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