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We expect existing oil pipelines to be filled by 2027. Existing capacity on TMX and Canadian Mainline expected to fill by 2027. the largest source of gas in Canada, as well as select midstreamers, the companies that gather and process the gas and liquids. Figure 1: Canadian oil egress projections through 2030.
During their Q4 2024 earnings call , the company outlined how strategic acquisitions, processing expansions, and pipeline investments will drive growth in their Midstream business and position them to capitalize on rising NGL and crude demand. Were not going to grow Midstream just to grow Midstream, said Mark Lashier, CEO of Phillips 66.
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