The Canadian government will likely stall the sale of the Trans Mountain oil pipeline until after the national election in 2025, Bloomberg News reported on July 26, citing officials familiar with internal discussions.
The pipeline was purchased by the Canadian government in 2018 to ensure the completion of the construction.
The government has since been criticized for the cost of the expansion ballooning to nearly five times its 2017 budget estimate.
The expansion project, which has so far cost CA$34 billion (US$24.72 billion), nearly triples its capacity to ship oil from Alberta to Canada's Pacific coast to 890,000 bbl/d.
The pipeline began commercial operations on May 1, after years of regulatory and cost-related delays.
The Prime Minister's office, the finance ministry and Trans Mountain did not immediately respond to Reuters requests for comment.
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