(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.
FILE PHOTO: Replacement pipe is stored near crude oil storage tanks at Kinder Morgan’s Trans Mountain Pipeline terminal in Kamloops, British Columbia, Canada, November 15, 2016. REUTERS/Chris Helgren/File Photo
The deal could be announced as early as Tuesday, Bloomberg said bloom.bg/2GVVOL3.
Reporting by Ismail Shakil in Bengaluru; Editing by Amrutha Gayathri