18:07:46 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,695,000,042
Close 2018-03-09 C$ 40.99
Market Cap C$ 69,478,051,722
Recent Sedar Documents

Post says Enbridge keen to expand T-South pipeline

2018-03-09 08:28 ET - In the News

The Financial Post reports in its Friday edition that the head of Royal Dutch Shell has dropped a hint that his company is keen to invest in liquefied natural gas projects -- a tantalizing prospect for Canadian gas producers desperate to access rapidly changing global energy markets. The Post's Geoffrey Morgan writes that Shell chief executive officer Ben van Beurden did not specifically mention the company's LNG Canada project in Kitimat, B.C., when he addressed a room of oil and gas executives on Wednesday, but indicated the company is looking to finalize new investments. "This is not a bad time to start thinking about investing again," Mr. van Beurden said. Fellow LNG player Pembina Pipeline has indicated it will make a decision on building its Jordan Cove, Ore., export project -- which will source supply from U.S. Rockies and British Columbia -- by the end of the year. Canadian natural gas producers are increasingly desperate to see an LNG project built as pipeline bottlenecks. Meanwhile, Enbridge will expand its T-South pipeline from Northern B.C. to the Vancouver area, to help clear the backlog, Enbridge chief executive officer Al Monaco said this week. He says the project will be in service by 2020.

© 2024 Canjex Publishing Ltd. All rights reserved.