00:58:30 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 856,712,928
Close 2015-10-08 C$ 55.85
Market Cap C$ 47,847,417,029
Recent Sedar Documents

FP says Enbridge eyes natural gas and U.S. Gulf Coast

2015-10-08 09:28 ET - In the News

The Financial Post reports in its Thursday, Oct. 8, edition that Enbridge is eyeing the natural gas sector and the Gulf Coast for growth, as new oil sands projects stall. The Post's Yadullah Hussain writes that Enbridge has a project portfolio of $38-billion in the works until 2019, encompassing liquids and natural gas pipelines, and power generation. Chief executive officer Al Monaco says, "We have so many opportunities in front of us and a lot of them come with, let's just call it, a higher degree of risk." Mr. Hussain says Enbridge now considers the United States Gulf Coast as a key growth area. Its eight-million barrel-per-day refinery complex presents unprecedented investment opportunities, says Enbridge's Guy Jarvis. "We are in the early stages of developing a regional business plan that envisions an expanded terminal presence involvement in regional pipeline connectivity, access to import, export dock capability, and ideally provides increasing opportunities for customers committed to capacity on our Mainline and U.S. Gulf Coast access pipelines," says Mr. Jarvis. The firm spent the past few years bolstering its Gulf Coast connection with investments in the Flanagan South and Seaway Twin projects.

© 2024 Canjex Publishing Ltd. All rights reserved.