The Globe and Mail reports in its Wednesday, Oct. 1, edition that Enbridge is eyeing
the power generation business
and mulling returning to the international
scene as it seeks growth opportunities
into the next decade. The Globe's Jeff Lewis writes that chief executive officer Al Monaco
said Tuesday Enbridge is
planning a 760-kilometre oil
pipeline in Colombia. He declined
to provide specifics, but said the
project could cost "in the order"
of $6-billion. Enbridge is also assessing
opportunities tied to Australia's
export-led gas boom.
A similar energy rush on Canada's
West Coast could yield new
business in gas processing, Mr.
Monaco said, although Enbridge
executives on Tuesday questioned
the scale, timing and costs
of British Columbia's bet on liquefied
natural gas.
Mr. Monaco said building energy
infrastructure today is "a bigger
challenge" in North America,
where pipeline projects including
the company's $7.9-billion Northern
Gateway have encountered
fierce resistance from local
groups and environmentalists.
On Tuesday, Enbridge
pushed back the start of a $2.6-billion pipeline called Sandpiper
to 2017 from a planned 2016 start, citing a regulatory
change in Minnesota.
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