09:54:02 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 846,632,952
Close 2014-10-06 C$ 52.29
Market Cap C$ 44,270,437,060
Recent Sedar Documents

Globe says Enbridge, rivals hear Petronas talk tough

2014-10-07 06:26 ET - In the News

Also In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Tuesday, Oct. 7, edition that the Petronas-led liquefied natural gas venture in British Columbia will be delayed by as many as 15 years unless tax and regulatory issues are resolved by month's end, warns chief executive officer Shamsul Azhar Abbas. The Globe's Brent Jang writes that Mr. Abbas said the next four weeks are crucial. He says Petronas wants to reach a meeting of minds by Oct. 31 with government officials and regulators. The Petronas-led Pacific NorthWest LNG joint venture has budgeted $36-billion for its plans to export LNG from the West Coast to Asian buyers by early 2019. The capital spending includes $11-billion for a proposed export terminal on Lelu Island, near Prince Rupert in northwestern B.C. Mr. Shamsul said: "In order to remain competitive, Petronas needs to secure consensus on key principles vital to the success of this project by the end of October. ... Missing this date will have the impact of having to defer our investments until the next LNG marketing window, anticipated in 10-15 years." The Globe notes that Petronas has spent billions of dollars, making it financially painful if it were to stage a full-scale withdrawal.

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