Canadian pipeline operator Trans Mountain is exploring ways to boost capacity by as much as 300,000 barrels per day, a company vice president said Thursday, as uncertainty surrounding U.S. tariffs continues to weigh on the industry. 

Jason Balasch, a Trans Mountain vice president, said the company is considering short-term options, such as using a drag-reducing agent in its pipeline, along with longer-term solutions like adding pumps. 

"I think there's a lot of Asian markets that we could access," Balasch said. "Our system isn't full, and we're confident we can operate it to its maximum." 

The pipeline, which currently ships up to 890,000 barrels a day of crude from Alberta to Canada's Pacific Coast, has become increasingly important for Canadian producers seeking to reach international markets. The pipeline currently accounts for 9% of Canada's total crude exports. 

The Canadian government, which owns Trans Mountain, has also expressed its support for the expansion plans. Balasch said the company has been preparing the ground to increase capacity, adding that the threat of U.S. tariffs has only made the matter more urgent.