New Alberta-to-Pacific Coast Oil Pipeline Expected to Boost Canadian Crude Exports to Asia

Canada and Alberta are advancing a new oil pipeline to ship about 1 million barrels per day from Alberta to the West Coast, aiming to diversify crude exports away from the U.S. toward Asia's growing demand. Alberta's 2025 production hit 4.1 million bpd, 84% from oil sands, up 4.2% from 2024. With Trans Mountain's nameplate capacity tripled to 890,000 bpd and flows up 10% via drag-reducing agents, exports to Asia rose to over $804 million (C$1.1 billion) by October 2025. ATB Economics projects oil and gas exports to grow 2% in 2026 and 2027, but without a new pipeline, output could be capped as early as 2028 due to capacity constraints. The federal government and Alberta signed a strategic energy and trade agreement in November 2025, supporting a project provisionally named West Coast Oil Pipeline. Alberta plans to submit the project to Canada's Major Projects Office by July 2026 for designation as a project of national interest, with northwest BC and Prince Rupert likely to be key terminals.