New Canada–U.S. Oil Pipeline Nears Capacity Threshold

SEATTLE (Oil Monster): A proposed cross-border oil pipeline led by South Bow Corp and its U.S. partner Bridger Pipeline is nearing key commercial thresholds, signaling potential progress for a major Canada–U.S. energy project. Sources indicate the pipeline is close to securing minimum shipper commitments required to proceed, with oil producers already pledging around 400,000 barrels per day (bpd), or roughly 72% of its initial 550,000 bpd capacity.

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The project aims to transport crude from Alberta to Wyoming, potentially boosting Canadian oil exports to the United States by over 12%. It follows renewed policy support after Donald Trump granted a cross-border permit, reversing earlier setbacks such as the cancellation of Keystone XL under Joe Biden. Notably, the Canadian segment will revive previously built but unused infrastructure.

Major shippers include Cenovus Energy and Canadian Natural Resources Ltd, reflecting strong industry demand for additional export capacity. Analysts say the project could play a critical role in easing long-standing pipeline constraints, with Canada’s oil production projected to rise significantly by 2030.