Trans Mountain in talks with Canadian oil shippers to resolve toll dispute

The last section of the Trans Mountain pipeline expansion project is assembled near Laidlaw, B.C. in February, 2024.

The operator of Canada’s Trans Mountain pipeline and oil shippers are in talks to resolve a shipping-cost dispute that has deterred usage of Canada’s only east-west oil pipeline and hindered the government’s plan to sell it.

Documents filed with the Canada Energy Regulator on Tuesday by Trans Mountain Corp. and a group of oil shippers including Cenovus Energy CVE-T , Canadian Natural Resources CNQ-T , and ConocoPhillips Canada said the parties are having “active commercial discussions.”

The talks could settle how much the companies pay to ship oil on the expanded 890,000-barrel-per-day pipeline, which offers direct access to China and other Asian markets at a time Can