Friday April 18, 2014



Enbridge to spend $400M on expanding capacity of Alberta-to-US pipeline

CALGARY - Enbridge Inc. (TSX:ENB) and its U.S. affiliate plan to spend $600 million to expand two pipelines on either side of the Canada-U.S. border.

One $400-million project involves increasing capacity on Enbridge's Canadian mainline between Hardisty, Alta. and the border.

The other, with a pricetag of $200 million, would expand part of the Lakehead system between Neche, N.D., and Superior, Wisc.

Both projects would boost pipeline capacity by 230,000 barrels per day by increasing pumping horsepower, rather than constructing new pipe.

The two projects are expected to come into service in 2015, subject to regulatory approvals.

Enbridge is a major player in the North American energy market where it operates the world's longest crude oil and liquids pipeline system. The company also has a significant and growing natural gas gathering, transmission and midstream business and an increasing involvement in power transmission.

The expansions announced Friday are the latest to boost the amount of crude that flows through Enbridge's vast North American crude oil system.

In November, Enbridge said it was planning a $1.8-billion pipeline between Edmonton, a key oilsands hub, and Hardisty. That new line will initially be able to carry 570,000 barrels per day but has the potential to be expanded to 800,000 barrels.

Construction could begin as early as the first quarter of 2014, with startup targeted for mid-2015.

In December, Enbridge and its U.S. affiliate announced they were spending $6.2 billion on a string of projects to bring growing volumes of Alberta and North Dakota light oil to market.

The light oil market access program will see an additional 400,000 barrels per day of light oil flow to refineries in Ontario, Quebec and the U.S. Midwest.


Comments


NOTE: To post a comment in the new commenting system you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Yahoo, OpenID. You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Pipeline News North welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

blog comments powered by Disqus


About Us | Advertise | Contact Us | Sitemap / RSS   Glacier Community Media: www.glaciermedia.ca    © Copyright 2014 Glacier Community Media | User Agreement & Privacy Policy

LOG IN



Lost your password?