02:53:45 EST Sat 02 Mar 2024
Enter Symbol
or Name

Login ID:
Enbridge Inc
Symbol ENB
Shares Issued 2,125,585,864
Close 2024-02-09 C$ 46.03
Market Cap C$ 97,840,717,320
Recent Sedar Documents

FP says Enbridge calls U.S. LNG pause a second chance

2024-02-12 08:50 ET - In the News

The Financial Post reports in its Saturday edition that the head of Enbridge, Greg Ebel, calls it a second chance, while Alberta's premier sees the U.S. moratorium on approving LNG export projects as a chance for Canada to "catch up." The Post's Chris Varcoe writes that Danielle Smith said Thursday in Washington, D.C.: "I hope we don't blow it. I hope if the Americans are going to take a pause, that we use this as an opportunity to accelerate some of those projects." Ms. Smith made the comments during her first trip as premier to the U.S. capital, less than two weeks after the Biden administration put a temporary halt on approving licences for new liquefied natural gas export developments. Alberta wants to see speedy progress made on Canadian projects that would export super-chilled natural gas -- as well as ammonia -- to customers in Asia. While Canada has failed to complete any LNG projects over the past decade, the U.S. has become the world's largest exporter. However, there are signs Canada is about to take big steps forward this year with projects on the B.C. coast. Construction on the Shell-led LNG Canada project is entering the home stretch, while its partners also consider a potential expansion.

© 2024 Canjex Publishing Ltd. All rights reserved.