Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeOil & GasNewsChina's Rongsheng weighs Alberta-to-B.C. pipeline oil supply pactRongsheng uses heavy crude from the Trans Mountain Pipeline at a 800,000-barrel-a-day refinery on China’s east coastAuthor of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.The recently expanded conduit, which runs from Alberta to the Vancouver area and started operation in 2024, is currently the only system carrying crude to Canada’s Pacific export terminal. Photo by Handout/Trans Mountain CorpRongsheng Petrochemical Co., already the biggest buyer of crude from Canada’s sole West Coast pipeline, is weighing an agreement to buy oil from Alberta’s next project, a proposed million-barrel-a-day pipeline to British Columbia, according to people familiar with the matter.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Chinese refinery is considering a deal after Alberta approached the privately owned company about a binding contract, said the people, who asked not to be named because they weren’t authorized to speak.Rongsheng didn’t immediately respond to requests for comment, nor did the Alberta energy minister’s office.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againA potential deal would lessen the province’s dependence on the United States at a time when Canada-U.S. relations are increasingly strained by the Trump administration’s tariff onslaught. Such a contract could also further Alberta Premier Danielle Smith’s goal of eventually doubling oil production in the province and increasing oil sales to Asia. She is seeking private sector investors to eventually take over the project.Brian Jean, Alberta’s energy minister, said at a conference last week in Calgary that he’s spoken to “some companies in Korea and Japan” about an investment or long-term offtake agreement for the project.At the same time, China is looking to diversify its oil sources. Rongsheng currently uses heavy crude from the Trans Mountain Pipeline at its 800,000-barrel-a-day refinery on China’s east coast. The recently expanded conduit, which runs from Alberta to the Vancouver area and started operation in 2024, is currently the only system carrying crude to Canada’s Pacific export terminal.Alberta plans to announce project details, including the planned route, by July. The project will be subject to federal approval by October with construction starting as early as late next year. Alberta’s preferred passage to the northern B.C. coast faces stiff pushback from Indigenous groups in the area as well as the province’s Premier David Eby.Canadian Prime Minister Mark Carney has pledged to back the new pipeline in exchange for a series of measures including a higher industrial carbon tax and the deployment of a long-planned carbon capture project in the oil sands, called Pathways, to reduce emissions. 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