The Globe and Mail reports in its Monday edition that Enbridge is mulling expansion
of a major export pipeline.
The Globe's Jeff Lewis writes that chief executive officer Al Monaco
says Enbridge is assessing a range of
opportunities as it looks to integrate
Spectra Energy's sprawling network
of pipelines and processing infrastructure
into its own operations.
They include a possible expansion
of the newly acquired Express
pipeline from Alberta to
Wyoming.
The potential for pipeline
growth comes as oil sands production nears the
upper limits of existing capacity,
a situation analysts say will
weigh on prices for the
extra-heavy crude as producers
pay more to ship barrels by train.
Enbridge currently transports
the bulk of Alberta crude to U.S.
markets along its 2.2-million-barrel-per-day mainline network, on
which deliveries regularly get curtailed
during periods when
demand to ship oil exceeds available
space.
Though there are no firm plans
to do so, Mr. Monaco says it is possible
Enbridge could expand
Express, which runs more than
1,250 kilometres from Hardisty,
Alta., to Casper, Wyo., and has capacity
of 280,000 barrels.
Mr. Monaco says, "We're looking at that at the
moment."
© 2024 Canjex Publishing Ltd. All rights reserved.