13:25:44 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 2,125,585,864
Close 2024-01-30 C$ 48.19
Market Cap C$ 102,431,982,786
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FP says Enbridge CEO Ebel sees LNG opportunity rising

2024-01-31 09:23 ET - In the News

The Financial Post reports in its Wednesday edition that as the United States pauses the approval of all new LNG export projects, Canada has two projects now being built and a few more at the starting gate. The Post's Chris Varcoe writes that after standing on the sidelines for much of the past decade while the U.S. transformed itself into a global LNG powerhouse, Canada now has a monumental decision to make. Does it also want to become a serious player in the global LNG game or be a small exporter to the world? Enbridge chief executive officer Greg Ebel says: "It's not very often that you get a second chance on an opportunity. And I think this may perhaps bode extremely well for that second chance, from a policy and support perspective in Canada -- if we take advantage of it." He adds: "If, in the U.S., the next round of decisions are pushed off 12 to 18 months, that means Canada can make decisions now that actually have longer-term implications. Will we? I don't know." Last Friday, the Biden administration said it was placing a pause on approvals for licences surrounding new LNG export projects, saying it will take a "hard look" at the effect of such exports on the environment, energy security and energy costs.

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